Australia’s Finance Minister Jim Chalmers has expressed significant concern over Meta’s announcement to terminate its fact-checking programs on Facebook and Instagram in the U.S. This decision raises fears about the increasing spread of misinformation on social media platforms. Chalmers highlighted the detrimental effects of misinformation on democracy and mental health, urging for accountability from social media companies. Meanwhile, the Australian government reinforces investment in reliable news providers and pushes for stricter regulations on social network access for minors.