In a significant step towards regulation of artificial intelligence (AI), the Federal Government has released proposed mandatory guardrails for high-risk AI.
In parallel, it has introduced a Voluntary AI Safety Standard, which closely aligns with the mandatory guardrails and outlines best practice guidelines for the use of AI in Australia.
The Proposal Paper sets out ten proposed mandatory guardrails.
The mandatory guardrails proposes two categories of ‘high-risk AI’ systems to which these would apply