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ARTICLE · 15 JUNE 2023

Calculated risk: Australia's new approach to regulating AI?

Corrs Chambers Westgarth
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A new government discussion paper explores a risk management framework for regulating AI, based on the EU model.

AustraliaGovernment, Public Sector
James North
James North
Phoebe Wynn-Pope
Phoebe Wynn-Pope
Eloise O'Brien
Eloise O'Brien
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Australian companies may soon be required to comply with a regulatory framework for the use of Artificial Intelligence (AI), which is to be developed following a public consultation run by the Department of Industry, Science and Resources.

The Safe and Responsible AI in Australia discussion paper (Discussion Paper), announced by Minister for Industry and Science Ed Husic last week, poses a range of consultation questions concerning the direction and scope of Australia's approach to regulating the rapidly developing technology. The paper has a particular focus on adoption of a 'risk-based framework' favoured in other advanced economies, including the European Union (EU).

Organisations now have an opportunity to make submissions on the direction of Australia's regulatory approach, with public consultation closing on 26 July 2023. As this is an early-stage consultation, we anticipate further rounds of public consultation will follow, although no timeline has been

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