The legislation would impose fines of up to 50 million Australian dollars ($33 million) on platforms for systemic failures to prevent young children from holding accounts.

Google and Facebook-owner Meta Platforms urged the Australian government on Tuesday to delay a bill that will ban most forms of social media for children under 16, saying more time was needed to assess its potential impact.

An advocate for major social media platforms has told Australia’s Parliament that a plan to ban children younger than 16 from the sites should be delayed rather than being rushed to approval this week