The Australian Government has commenced consultation on regulatory settings to position Australia as a leader in digital economy regulation.
As part of this consultation, The Digital Technology Taskforce has released an issues paper, Positioning Australia as a leader in digital economy regulation - Automated decision making and AI regulation.
Emerging technologies, like AI and automated decision-making, offer real opportunities to improve the products and services we use in our work and personal lives, and solve challenges facing Australia now and into the future.
There are estimates that AI could contribute more than $20 trillion to the global economy by 2030.
However, they are challenging established regulatory frameworks and systems. Outdated or uncertain regulation can impose barriers in adoption or undermine existing protections and rights.
To ensure Australia is positioned as a leader in this space, the Australian Government needs to ensure our regulation remains fit for purpose and able to respond to emerging technologies.
These improvements can help strengthen public trust, increase technology adoption, and supports the role of regulators.
Modern regulatory settings are an essential foundation to grow the digital economy and maximise the adoption of technologies like AI and automated decision-making.
We are asking Australians to share their views on improving Australia’s regulatory settings and systems to harness the opportunities presented by these technologies and better enable the responsible use of AI and automated decision making.
We are interested in hearing from:
- Businesses who are developing or using AI or automated decision-making, and their professional advisers
- AI or automation experts on the regulatory barriers to achieve the potential offered by these technologies
- Academics and researchers who are developing and working in this area
- Members of the public who have experience in using these technologies
To access the issues paper and make submissions, visit Consultations
Submissions close 22 April 2022.