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With Memoranda of Understanding in place between financial services regulators covering information sharing, and in response to increased expectations from the Government, cybersecurity breaches, AI rogue agents attacks and AML/CTF non-compliance by the same organisation can now result in multiple coordinated enforcement actions from ASIC, APRA and Austrac.It is now accepted that “non-financial risk management”

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The Australian Attorney-General has released a Consultation Paper and Exposure Draft Privacy Amendment (Personal Data Protection) Bill 2026 to modernise and strengthen Australia’s privacy laws as well as responding to emerging risks from new technologies, including artificial intelligence, wearable surveillance technologies (such as smart glasses and ear buds) and connected vehicles.It is also intended to

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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

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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

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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

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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…