Honestly that would seem like the most common sense idea that anyone would/could draw up from this, and for the most part I think this is what the gov is trying to do.
I think there's an unstated side effect from the Online Safety Act which nobody seems to be talking about - using the new powers to effectively censor Palestinian protests online.
You can read about it some more: https://www.openrightsgroup.org/press-releases/human-rights-defenders-raise-concerns-that-online-safety-act-will-lead-to-censorship-of-palestine-protest/
I've genuinely never felt so depressed about voting in this government in my entire life. Actual gross dystopian bullshit.
I did a bit of googling as you unlocked that memory, but it's actually Girls Do Porn.
If anyone hasn't heard of them, you can read about it here https://arstechnica.com/tech-policy/2021/03/jane-does-v-girlsdoporn-how-22-millennial-women-brought-down-a-porn-empire/
It's absolutely horrendous and I feel incredibly sorry for these women. It definitely made me feel uncomfortable watching porn for a while.