The payment scheme will be set up by Meta but administered by an independent third party. It will be open to people who:
had a Facebook account between November 2 2013 and December 17 2015
were present in Australia for at least 30 days during that period
either installed the This is Your Digital Life app using Facebook login or were Facebook friends with an individual who installed the app.
People can check whether they are eligible on a help page on the Facebook website. The information commissioner anticipates those who are eligible will be able to submit applications “in the second quarter of 2025”.
The help page.
https://m.facebook.com/help/1873665312923476