'Trust Us': Google and Facebook tell ACCC

- "The dominant digital platforms' response to the issues we have raised might best be described as 'trust us'."

- "Action on consumer law and privacy issues, as well as on competition law and policy, will all be vital in dealing with the problems associated with digital platforms' market power and the accumulation of consumers' data."

- "We're very concerned that current privacy policies offer consumers the illusion of control but instead are almost legal waivers that give digital platforms' broad discretion about how they can use consumers' data."

-"Some of the privacy reforms we have recommended should apply economy wide."

- "The issues we have uncovered during this inquiry are too important to be left to the companies themselves."

- "Continuing scrutiny is necessary given the critical position that digital platforms occupy in the digital economy, their continued expansion and the opacity and complexity of the markets in which they operate."

(Source: ACCC Digital Platforms Inquiry statement)

Australian Associated Press