Australia is similar - the laws will come into effect in December. Given the vagueness with things like what constitutes “reasonable steps” (for websites to prevent Australian children under 16 from having accounts), and what @foreverlurk said about the location of web hosts, I don’t imagine that DD will actually be affected by them. But I’m no expert.
What shits me is that it’s clearly not about safety for young people on the internet - or anyone’s safety really.