Age verification on Australian social media has loopholes. Underage influencers use an agency to manage their social media for them. So anyone with enough followers or money can continue using social media under the age of 16. If you are going to implement age controls, you should implement a ban on underage influencers as well.
The most embarrassing thing is that our Government thought the idiotic idea was workable in the first place... But of course now they've gone and made things worse, because now kids' profiles pretend to be older, so more inappropriate stuff (like gambling ads for those who put an over-18 birthdate) can get targeted at them - great job, eSafety Commissioner!