More than 311,000 Australians could be eligible for a share of $50 million from Facebook's parent company Meta as a part of a landmark settlement stemming from the Cambridge Analytica privacy breach.

The Australian Information Commissioner and Meta agreed to the multimillion-dollar deal last year .

For those who are eligible for a share in the settlement, the deadline to submit a claim is approaching.

Here's what you need to know about the settlement and eligibility requirements.

Who is eligible for the $50 million Facebook payout?

The compensation program is open to Australians who had a Facebook account between November 2, 2013, and December 17, 2015.

The individuals must have been present in Australia for more than 30 days during that period.

Eligible Facebook user

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