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The Australian Prime Minister has announced that the Government will establish an Office of Artificial Intelligence within his department to co-ordinate the design of new Australian Standards for AI.The standards will deal with national security as well as copyright and artist protection, large AI data centres, workplace issues, and the impact of AI in schools.They

Recently, regulators have explained how current laws apply to businesses’ use of AI and its risks.They discussed how companies were using AI in their businesses, how it was being governed and how risks were being managed.Relevant existing Australian laws include:• directors’ duties under the Corporations Act 2001;• obligations of Australian Financial Services Licence holders under

The Australian Privacy Commissioner’s recent activity includes: consultation on Guidance for Transparency in Automated Decision Making, updating its Chapter 3 Australian Privacy Principles guidelines on the collection of personal information by new technology, as well as the Privacy Commissioner’s recent decision in Commissioner Initiated Investigation into IRE Pty Ltd’s rental digital platform and a compensation

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

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

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

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