Inman Grant, who once worked for Twitter, gave the company 28 days to show it was serious about tackling the problem or face fines of 700,000 Australian dollars ($476,000) for every day it missed the deadline.
https://www.aljazeera.com/economy/2023/6/22/australia-gives-twitter-28-days-to-sort-out-toxicity-and-hate
The Aljazeera article makes it sound like if twitter doesn’t totally solve hate-speech it gets fined. It just needs to outline the internal procedures it is undertaking to theoretically remove hate-speech. It’s a ‘please explain’ not a fix. I think the Australian media makes it a little clearer: I don’t actually personally know anyone down here who uses twitter, can’t imagine anyone would miss it too bad if Musk did shut it down here.