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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

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