U.S. billionaire Elon Musk, owner of social media platform X, has criticised Australia's proposed law to ban social media for children under 16 and fine social media platforms of up to A$49.5 million ($32 million) for companies for systemic breaches.

"Our job is to put in place the necessary protection for kids online," Australia's treasurer said after the billionaire criticised its new social media age limit bill. View on euronews

Tech billionaire Elon Musk criticized Australia’s proposed legislation to ban social media access for children under 16, calling it “a backdoor way to control access to the Internet by all Australians.

The government is rushing to get its laws banning children under 16 from social media through parliament before the end of the week, with a senate inquiry open for submissions for just one day.

Tech billionaire Elon Musk, the owner of social media platform X, criticized proposed legislation in Australia that aims to ban social media for children under 16.

Elon Musk has blasted proposed legislation from Australia's government that would outlaw access to social media for children under 16.