Sydney: Australia would form a dedicated department to keep an eye on Facebook and Google as part of reforms to protect the privacy of consumers and ensure antitrust laws are respected in the country.
This comes in context to control the market dominance of the technology giants and their activities were recommended by the Australian Competition and Consumer Commission, the antitrust watchdog for protection of consumer rights and rein in illegal anti-competitive behaviour.
Among another measure, the watchdog has recommended the establishment of a special branch of the ACCC to pro-actively monitor and investigate potentially anti-competitive conduct by digital platforms.
The tech companies have a stronghold in the market and also a powerful influence over the people through the collection of personal data.
The ACCC has released its final report along with 23 recommendations regarding the impact of digital search engines and social media platforms in the media and advertising services markets.