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.

Social media sites are lobbying the Australian government to delay its proposed age limits for children younger than 16. View on euronews

Australia Prime Minister Anthony Albanese said on Monday social media firms would be required to destroy personal data used to verify ages of users, as part of what the government says is a world-leading ban on under-16s using the services.