The tech giants would be held responsible for enforcing the age limit and face hefty fines if regulators notice young users slipping through the cracks, Albanese said.
Australia is among the vanguard of nations trying to clean up social media, and the proposed age limit would be among the world's strictest measures aimed at children.
"This one is for the mums and dads. Social media is doing real harm to kids and I'm calling time on it," Albanese told reporters outside parliament.
The new laws would be presented to state and territory leaders this week, before being introduced to parliament in late November.
Once passed, the tech platforms would be given a oneyear grace period to figure out how to implement and enforce the ban.
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