Australia is trying to learn from other countries across the globe including Europe and the US to develop a platform that will help protect their citizens privacy while monitoring big tech companies. A recent Reuters article found here highlights Australia strategy including establishing the Australian Competition and Consumer Commission (ACCC) which would be “…the antitrust watchdog, to scrutinize how the companies used algorithms to match advertisements with viewers, giving them a stronghold on the main income generator of media operators.”
This commission would be focused on Facebook and Google in particular.
Here is an excerpt from this article:
“lift the veil” on the closely guarded algorithms the firms use to collect and monetize users’ data, and accepted the ACCC’s “overriding conclusion that there is a need for reform”.
The article goes on further to discuss 5 existing investigations into the big tech companies with more to come.
To learn more about regulations mentioned above please see the following links below: