Following the European Union’s DMA (Digital Market Act) that moved Apple to compliance, it appears that Australia is planning on cracking down on the dominance of tech giants as well.
Tech giants may face new competition scrutiny in Australia
For those unaware, many regions and governments are facing issues in challenging the dominance of tech giants in the digital market. EU set a major example as it managed to make Apple comply with its stricter regulations. Apple had a closed ecosystem with its App Store but recently allowed third party app stores in Europe. Australia is seeking to repeat this miracle and is pushing for new competition laws in the digital realms as well.
The latest report from Reuters states that Australia’s competition agency is advocating for new laws that will adapt to the rapid growth of digital platforms like Amazon, Google, Meta, Microsoft, and Apple in the region. The ACCC (Australian Competition and Consumer Commission) added in a recent report that the Digital Platform Services Inquiry is concerned over the increased risk of wrongful behavior from these platforms.
These wrongfu behaviors could include invasive data gathering and locking in customers into a specific ecosystem and restricting their choices. ACCC Chair Gina Cass-Gottlieb said “Our proposed reforms include a call for targeted consumer protections and service-specific codes to prevent anti-competitive conduct by particular designated digital platforms.”
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