Australia to establish an AI regulator

Australia’s government recently outlined plans to establish an AI regulator focused on safety. The government warned that companies in breach of this new legislation would face significant penalties.

The government stated the regulator would be able to enforce legislated standards which would apply to all frontier AI companies operating in the country.

It explained Australia has a “world leading reputation for setting standards on digital safety” and its approach to AI continues to keep national values at the forefront.

While outlining the opportunities the technology offers people and companies in boosting productivity, building economic resilience and revolutionising healthcare, the government noted seizing the opportunities depends on ensuring social licence for AI, safety for Australians and security for its national interest.

The government detailed six guidelines for companies: maintain security controls across all stages of development and deployment; identify risks associated with models; allow independent evaluation; provide mandatory notification of incidents to the government; maintain and publish safety and security frameworks; and respond to updated standards as rules and technologies change.

Prime Minister Anthony Albanese said the country must be prepared for the new risks which come with rapidly advancing technology.

“These protections will ensure we keep Australians safe and secure our national interests, while seizing the generational opportunities that AI offers”.

The government is currently writing the legislation which will form part of the AI in Australia’s Interests agenda.

Source: Mobile World Live

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