AI risk regulation
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Privacy update June 2026
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AFCA releases latest systemic issues insights
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GenAI and privacy case study
The Privacy Commissioner has published a case study of what can go wrong when using publicly available GenAI tools like ChatGPT in the workplace.
In the fictional case study a car insurance company permits its employees to use individual accounts on publicly available GenAI products to assist in performing routine tasks, such as summarising documents…
New Sanctions Advisory notes
The Australian Sanctions Office (ASO) has released 8 new advisory notes to assist financial service providers in understanding their sanctions risks.
The advisory notes include:
- Sanctions risks of specific banking services
- Sanctions circumvention using cryptocurrency – ASO/AUSTRAC co-badged
- Sanctions risks from misuse of AI and new technologies
- Sanctions risks of remittance account compromises
Key points…
Guidance for AI Adoption
Australia’s National Artificial Intelligence Centre has published the Guidance for AI Adoption which sets out 6 essential practices for responsible AI governance and adoption.
It recommends identifying who is accountable, testing and monitoring and maintaining human control.
The guidance includes an AI screening tool, AI policy guide and template and an AI register template.
The…
Privacy regulatory priorities for 2025–26
The Office of the Australian Information Commissioner (OAIC) has released its privacy regulatory priorities for 2025–26, including use of advertising technology, including pixel tracking, and the application of AI technology in ways that could ‘erode’ information access and privacy rights.
The OAIC will focus on sectors and technologies that compromise rights and create power…
Contract legal risk management
Contracts, as legally enforceable agreements, have a legal lifecycle from due diligence, analysis and negotiation, through to acceptance, implementation, administration, storage, dispute resolution and termination.
Contracts carry an element of risk, especially if they are material to the business.
If you are an APRA-regulated entity, you must have a supplier register to track your contracts…
AI rules and risks
As the landscape of AI regulation in Australia evolves to deal with the risk of AI-enabled disinformation, fraud, and privacy breaches, the Government has announced proposals for consumer law reforms to strengthen consumer guarantees, ban unfair trading practices and introduce artificial intelligence (AI) specific protections.
Treasury has published a discussion paper Review of AI and…