The federal government is considering allowing AI technologies that have already satisfied tough regulatory requirements overseas to be deployed with fewer checks in the Australian market.
In an effort to encourage consistency with increasing global regulation of AI, Australia’s new “guardrails” for high-risk applications could include recognition of compliance with foreign schemes, like the European Union’s upcoming AI Act.
The European scheme, while not yet in force, will impose new safety standards on high-risk AI technologies like requirements to test and assess systems before deployment and report, explain and offer recourse to impacted persons afterwards.
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