The Australian Government has published a Proposals Paper for Introducing mandatory guardrails for AI in high-risk settings. It has also published a Voluntary AI Safety Standard.
It is proposed that in designating an AI system as high-risk due to its use, regard must be given to: a. The risk of adverse impacts to
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ACCC’s final Digital Platform Services Inquiry report
The ACCC has published the issues paper for the 10th and final report of the ACCC’s Digital Platform Services Inquiry which will focus on the following 3 topics:
- recent international legislative and regulatory developments in markets for digital platform services and their impact on competition and consumers;
- major developments and key trends in certain markets
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APRA identifies technology risks
Recent announcements by the Australian Prudential Regulation Authority (APRA) discuss the risks associated with Artificial Intelligence and cyber threats.
In a recent speech an APRA Executive Board Member said that APRA broadly supports regulated entities beginning to test how they can incorporate AI into their practices.
But they cautioned that:
In common with any type…