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SOCIAL MEDIA PLATFORMS are urging the Australian government to delay laws that would ban children under 16 years old from using their websites until next year.
A representatives for some the the major social media platforms told the Australian senate that the platforms, politicians and industry are still not aware of how the ban will work and said that the roll out should be postponed.
Managing director of Digital Industry Group Inc, which represents X, Instagram, Facebook and TikTok Sunita Bose said the Parliament would wait until an independent evaluation of the technologies, commissioned by government, should be published first.
The report’s deadline is set for June 2025.
A failure to introduce frameworks to be in line with the legislation banning the use of social media among those under the age of 16 comes with the possibility of fines of up to 50 million Australian dollars (€31.1 million).
It seems likely to be passed by the Australian Parliament by Thursday, with the support of the major parties. The legislation take effect a year after the bill becomes a law, to allow for the platforms to develop the framework.
Bose took questions from Senators today, with many questioning the safety of such platforms among young people.
While the social media representative said the platforms were safe, one senator asked why the algorithms do not prevent harmful material from being directed to children.
Algorithms have been accused of keeping technology-addicted children connected to platforms and of flooding users with harmful material that promotes suicide and eating disorders.
“Your platforms have the ability to do that. The only thing that’s stopping them is themselves and their greed,” the senator said.
Bose said that the algorithms were in place to protect younger people, which includes settings to filter out certain content – such as nudity. She added that there is consistent investment to improve these systems.
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Absolute waste, why not buy properties from Vulture funds so it’s a solid return income for the state and no more giving taxpayer HAP payments to private developers… Or would that make too much sense
@Brian Hackett: Great idea. People will get free homes paid for by the taxpayer and live next to taxpayers whom bought their own homes and pay tax. Savage stuff!
@Brian Hackett: please use the term
Vulture fund correctly. Vulture funds “swoop” down and buy distressed mortgages / severely cheap , then keep and sell on for a high profit .
@Ciaran: no they don’t they buy new builds and that stops ordinary people from getting on the property market, this has been a proven fact, Vulture funds now have up to 90% of new builds in Ireland
@Temp Stuff: nonsense, they will still have to pay rent which is a permanent income for the taxpayer saving on HAP payments also it’s a win win situation
Of course it’s a waste. But that’s the whole point. FFGs core voterbase, homeowners, have been hoodwinked into believing that property is the only way to build wealth. In other western countries, investing in equities is the way to gain wealth. FFGs high tax on equities makes this unviable, so the greedy homeowners see dollar signs while the rest of the population suffers, stuck in the rent trap that is Irish housing. They are architecting a demographic timebomb by implementing inflationary measures to increase housing prices, such as help to buy. This scheme would be good if there wasn’t a housing crisis, but, when supply is limited, adding liquidity/cash does nothing but add upwards pressure to prices. Vote anybody but FFG if you have ANY concern for your pension, or fellow citizens.
@Sean Stevenson: at last, somebody said it out loud, relation living in one of the major US cities has sold his house which over 25 years went up by about 90%, in the same period he built up an investment portfolio that allowed him retire early, he was gobsmacked how were taxed over here on investing in shares.
@Eddie Garvey: I assume it’s ETFs and the tax associated with that is what you are referring to? Otherwise buying and selling shares isn’t that expensive, Yes we have CGT but most countries do. I fail to understand why anyone would be gobsmacked at our regime.
@Sean Stevenson: What taxes on equities are you referring to exactly? The Apple money should be put into the strategic funds and nothing else. The helping of young people to buy a home is a good policy and much better that subsidies towards rent….yes more needs to be built too.
The pension stuff is laughable as pensions and financial assets have been growing for almost 10 years now post crash 2015 was the start. And if you look at the CB monthly net household reports, you’ll see that, obviously, the pandemic slowed stuff down. Most pensions are DC, and the pension holder can change the investment choices online through the introduction of Master Trusts.
I fail to see how any political party would affect pensions given most pension funds are investments are international.
Will simply push Price’s higher.. the problem is deeper than a hand out can handle.
Given that 50% of the people that use help to buy don’t actually need it in order to buy and that the scheme only pushes up prices further then I would say yes, it would be a pretty bad use of that money. Maybe build some actual houses and/or infrastructure with it instead?
@John Moore: Have you any evidence of this because the criteria seem very strict.
FG have committed to giving a handout of a half a BILLION euro to landlords rather than bring back homeownership they destroyed for our youth, basically anyone under 39 years of age. We can vote for ordinary people. Is féidir linn an rialtas a athrú. Vótáil Sinn Féin
@F1rYnpWc: FG are the single best thing to ever happen in Ireland :)
it’s not actually being funded with the apple windfall though. the Irish Times interview with Harris today said as much. the calculation is also unsound, mentioning a half sentence to the complexities of house prices with ever suggesting what better ways there are to help the squeezed middle. the author doesn’t like the HTB scheme. fair enough. but this opinion piece is not based on fact and not a fair assessment of the situation in my opinion.
Yes.
Help to buy doesn’t benefit regular people, it benefits developers.
Absolute waste
Qualifying Rules for Help to buy scheme rule out many. You must takeout a mortgage with main Irish bank covering 70% of cost.
If bank fails to approve sufficient mortgage, you have to save the difference taking you below 70% loan ratio while at the same time property prices increase by 30k.
The scheme money goes directly to t he developer.
Either give it back to Apple in the form of tax breaks or cut income taxes across the board. It most certainly shouldn’t be wasted on any sort of public spending as loony left-wing parties like Labour and the Social Democrats suggest.
Ireland has very high taxes. Help to buy allows folk to pay less (eg. UK levels) and spend the savings on a first home instead. The problem for Lefties is to avail of a tax rebate one needs to be working in the first place. They’d prefer to take this tax and redistribute it to someone else.
These shower of fools have proven they can’t be trusted with public money they don’t care about cost to the taxpayer even their unwanted ads on Facebook claim they have 16bn euros set aside for rainy day fund well 13bn euros of it came from apple money they didnt want and cost the taxpayer millions to fight the case they should be jailed nevermind not getting re elected #VOTE THEM OUT
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