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Yeah mostly political grandstanding, but unfortunately it will go through in some form. How its implemented remains to be seen.
In its present form looks kinda like an opt out service, but every blocking mechanism you throw in front of content slows the whole system down, so god knows how it will affect speeds.
Illegal to host porn in Aus, but as far as I know promoting it from here is still ok, just you might see significantly less sales from Aus surfers.
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