The tech billionaire took aim at the federal government over proposed laws that could see social media companies fined up to 5 per cent of their annual turnover for spreading disinformation.
Controversial billionaire Elon Musk has called the Australian government "fascists" over its attempts to tackle deliberate lies spread on social media. Social media companies could be fined up to 5 per cent of their annual turnover under the Commonwealth's proposed laws. Musk, who owns social media platform X, responded to a post about Australia's measures with one word. "Fascists," he wrote.
we assert our right to pass laws which will keep Australians safe — safe from scammers, safe from criminals," Jones said. Australia's misinformation and disinformation legislation would give the communications watchdog powers to monitor and regulate content on digital platforms. It would also allow it to approve an enforceable industry code of conduct or introduce standards for social media companies if self-regulation was deemed to fail.
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