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RBA's Bullock Stays True to Cautious Rates Narrative
APRA Maintains Macroprudential Policy Settings Amid Economic Risks
Take the lead! australia has regulations that impose heavy penalties on platforms if teenagers use social media.
① The Australian Ministry of Communications has submitted a bill prohibiting children under 16 from using social media, with non-compliant platforms facing fines of up to 50 million australian dollar; ② The bill has received broad political support in Australia, and if successfully legislated, social media companies will have one year to implement age restrictions; ③ Major global social media companies are taking a wait-and-see approach to this.
AU Morning Wrap | ASX 200 Declines from Record High
Australian Rate Cut Hopes Continue To Fade
Upbeat Australian Consumers Might Snuff Out Rate Cut