Australia wants to penalize children & adults instead of corporations
I can't see anything in the linked article, nor from a quick web search I did, that supports this. The existing law only penalises platforms, not parents or children.
Australia Parliament is headed for total surveillance of minors usage, and adults.
If it were about that, they wouldn't have legislated that ID cannot be the only option for validation, or that any material collected for validation cannot be used for any other purpose.