Meta Platforms pushes back on Australian plans to regulate 'targeting' in privacy-law update

( May 18, 2023, 00:41 GMT | Official Statement) -- MLex Summary: Meta Platforms has highlighted concerns with Australian privacy-law updates that could see all online personalization defined as 'targeting' and introduce an unqualified right for consumers to opt out of personalized advertising. In an executive summary to Meta's submission to the Privacy Act Review, published on the Medium blog platform this week, Meta said it supported 106 out of 116 recommendations put forward by Australia's Attorney General in February, including a right to erasure and a statutory tort for serious invasions of privacy. But the social-media giant said regulating targeting and an opt-out right go beyond European General Data Protection Regulation requirements and establish Australia-specific rights that would impede business behaviors that benefit customers and the broader economy.The full blog post and executive summary from Meta Platforms follow:...