Big tech on notice in Australia | The Business | ABC News [Video]

New competition laws are being proposed to keep up to date with the digital age. The federal government’s further crackdown on the dominance of big tech includes a proposed new regime to create more competition in app stores and search engine ranking. Failure to comply would see companies fined up to $50 million or 30 per cent of turnover. But Assistant Treasurer and Financial Services Minister Stephen Jones says the government isn’t starting a war with big tech.
#ABCBusiness
Subscribe: http://ab.co/1svxLVE

ABC News provides around the clock coverage of news events as they break in Australia and abroad. It’s news when you want it, from Australia’s most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook: http://facebook.com/abcnews.au
Follow ABC News on Instagram: http://instagram.com/abcnews_au
Follow ABC News on X (Twitter): http://twitter.com/abcnews

Note: In most cases, our captions are auto-generated.

#ABCNews #ABCNewsAustralia