Australia: Technology

Artificial intelligence is reshaping corporate governance in two critical ways: boards must defend against increasingly sophisticated AI-powered cyber attacks while simultaneously navigating the responsible use of AI tools in their own decision-making processes. Recent regulatory guidance from ASIC and a landmark Federal Court decision establish new expectations for how directors should manage AI-related risks and leverage AI capabilities while fulfilling their fiduciary duties.

The Australian Securities and Investments Commission (ASIC) has issued an open letter to all AFS licensees and market participants calling for urgent action to strengthen cyber resilience in response to the evolving threat posed by artificial intelligence models (the ASIC Letter).

Japan, as Australia’s fourth-largest foreign investor, has agreed to strengthen bilateral collaboration with Australia, including in the growing technology sector. This will facilitate closer collaboration between the two countries on critical technologies, artificial intelligence, digital ecosystems, research and development and cybersecurity.

The general rule is that a business cannot send unsolicited emails to market, sell, and promote their goods and services.

"Statement Expectations" sets out ACMA views on the minimum requirements needed to comply with the Spam Act.

This heavy penalty was a reminder to all businesses to ensure that their marketing complies with regulations.

The Albanese Government has moved to address the Fair Work Commission's mounting caseload, particularly in unfair dismissal and general protections dismissal matters.

The Australian Securities and Investments Commission (ASIC) has issued an open letter to all AFS licensees and market participants calling for urgent action to strengthen cyber resilience in response to the evolving threat posed by artificial intelligence models (the ASIC Letter).

Japan, as Australia’s fourth-largest foreign investor, has agreed to strengthen bilateral collaboration with Australia, including in the growing technology sector. This will facilitate closer collaboration between the two countries on critical technologies, artificial intelligence, digital ecosystems, research and development and cybersecurity.

A new enterprise agreement between Private Media & the Media, Entertainment & Arts Alliance, approved by the FWC restricts the use of AI in editorial work.

This draft legislation is ambitious in scope and represents Australia's answer to comprehensive crypto-asset reforms.

OAIC's recommendations on managing records of messaging apps provide useful lessons and practical solutions.