Proposals Paper for Introducing Mandatory Guardrails for AI in High-Risk Settings

Details

ACCAN recently commented on the Department of Industry, Science and Resources’ proposals paper for introducing mandatory guardrails for AI in high-risk settings (the paper).

Artificial Intelligence (AI) is a rapidly evolving and broad technology that, with the right regulatory settings, can provide material benefits for consumers. AI can offer tailored services for consumers and potentially drive efficiencies in business, lowering the cost for consumers. However, as the paper notes, AI also carries risks of consumer harm through discrimination and data breaches.

ACCAN’s submission supports:

  • The introduction of a mandatory, ex ante, whole of economy approach to high-risk AI guardrails. This will provide a default baseline for government and the private sector with the option of domain-specific rules as needed.
  • The empowerment of an independent, capable regulator to enforce the mandatory guardrails. Effective regulatory schemes require a well-resourced regulator to ensure adequate enforcement.

Download: pdfACCAN submission to Department of Industry on AI Guardrails216.62 KB

Download: docxACCAN submission to Department of Industry on AI Guardrails195.89 KB