Regulators Keeping Business in the Dark on AI: Productivity Commission
Australian Financial Review
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Details
- Date Published
- 28 May 2024
- Priority Score
- 3
- Australian
- Yes
- Created
- 10 Mar 2025, 10:27 pm
Description
Weeks away from new regulations governing high-risk AI use, regulators still haven’t explained how existing laws apply, says one Productivity Commissioner.
Summary
The article highlights concerns raised by the Productivity Commission regarding the lack of guidance from Australian regulators on how existing laws apply to artificial intelligence (AI) technologies. With the impending release of mandatory guidelines for high-risk AI usage, there is criticism that potential harms from AI are already addressed by existing regulations, but these are not clearly communicated to businesses. This issue is significant as it pertains to AI governance and the broader implications for AI safety policy in Australia. It reflects ongoing challenges in ensuring that technological advancements align with regulatory frameworks to mitigate AI risks effectively.
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TechnologyAI SummitPrint articleJohn DavidsonColumnistMay 28, 2024 – 2.07pmSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginThe country’s competition and corporate regulators are not doing enough to tell businesses how to apply existing rules in the era of artificial intelligence, the Productivity Commission’s Stephen King says.Though the government is only weeks away from announcing mandatory guidelines for the use of high-risk AI, many of the potential harms from the new technology were already well and truly covered by existing rules and regulations, Mr King, a commissioner, said. But the regulators were not stepping up to explain how those laws might apply, he added.Loading...John Davidsonis an award-winning columnist, reviewer, and senior writer based in Sydney and in the Digital Life Laboratories, from where he writes about personal technology.Connect withJohnonTwitter.EmailJohnatjdavidson@afr.comSaveLog inorSubscribeto save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreAI SummitAIProductivity CommissionRegulationACCCAPRAFetching latest articlesOlympic weightlifting is hard. This boss uses the 1pc rule to get it doneLucy DeanOut-of-control watch price rises give housing a run for its moneyKnow your craft: How the biggest airlines rate at the pointy endJun Bei Liu: How I learnt to speak upSally Patten and Lap PhanThe four actor ‘tricks’ giving executives more confidence‘We’ll fight’: Alex Waislitz on family battles and bad betsA last-chance tote bag and a groovy case for trumpetersEugenie KellyThis machine can bring out the creative streak you never knew you hadThis data-driven wellness retreat is a haven for high-flyersBillionaire Nicola Forrest appoints UBank boss to run family officePrimrose RiordanVictor Smorgon’s star fundie eyes 50pc returns for new fundForrest family powerbroker had alleged role in big Fortescue decisions