Here are a few options for a formal, professional title, depending on the desired focus:
Option 1 (Direct and authoritative):
Australia Leads Global Trend as UK Considers Social Media Ban
Option 2 (Balanced and descriptive):
UK Mirrors Australian Legislative Approach to Social Media Restriction
Option 3 (Concise and formal):
UK Aligns with Australia on Proposed Social Media Regulation
Recommendation: Option 2 is the best fit for an Information Age style publication, as it is precise, neutral, and maintains a formal journalistic tone.