Tag: Stephen Jones

$50m fines proposed for social media scam slackers

Posted on   |  by Brandon How
Social media companies failing to fight scams on their platforms will be subject to fines of up to $50 million under a new framework brought before Parliament on Thursday....

Treasury checks in on AI’s consumer law impact

Posted on   |  by Brandon How
Treasury on Tuesday opened consultation on whether Australia’s tech neutral consumer laws are fit for the purpose of regulating artificial intelligence products and services, like software, phones and streaming...

Big Tech giants ‘dragging their heels’ on scams

Posted on   |  by Brandon How
Social media giants are “dragging their heels” on scams, Assistant Treasurer Stephen Jones said on Wednesday while outlining new obligations to prevent scams and compensate victims. Mr Jones told...

How to get the consumer data right back on track

Posted on   |  by Aaron Violi
The consumer data right, or CDR, is a pioneering economic reform that gives consumers the ability to safely share the data Australian businesses hold about them for their own...

Minister pushes back on govt’s investor test overhaul

Posted on   |  by Joseph Brookes
A Cabinet minister is warning Assistant Treasurer Stephen Jones that his sophisticated investor changes risk cutting off startup capital and sending mixed signals while the government looks to spur...

Govt sets up sweeping social media probe

Posted on   |  by Joseph Brookes
The Albanese government will establish a new joint committee to examine growing issues with social media like online scams, illicit content, black box algorithms and Meta’s decision to “abandon”...

Buy Now Pay Later to be regulated as credit

Posted on   |  by Joseph Brookes
“Loopholes” that allowed Australia’s $18 billion Buy Now Pay Later sector to explode with little regulation will be closed under an Albanese government plan to treat companies like Afterpay...