2023 has been a big year in Australia for developments in artificial intelligence (AI). We have pulled together the main announcements, key insights and regulatory themes to emerge this year and recommendations for risk management that will be of interest to Australian companies engaging with AI technologies into 2024 and beyond.
The Australian Government has released its much-anticipated response to the Commonwealth Attorney-General Department’s report on its review of the Privacy Act 1988 (Cth). The Report recommended wholesale amendments to Australia’s principal privacy legislation and contained 116 proposals for consideration by the government.
On 22 July 2023, the Competition and Consumer (Consumer Data Right) Amendment Rules (No. 1) 2023commenced. The amending rules enhance the existing Consumer Data Right (CDR) regime for business consumers by improving access to and use of CDR data for businesses and enabling more participants in the CDR regime to use third-party service providers.
Baker McKenzie’s Sanctions Blog published the alert titled Blog Series: Sanctions Enforcement Around the World – Five Eyes Partners agree to coordinate enforcement on export controls on 11 July 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
From 9 November 2023, the unfair terms regime will change so that significant penalties may apply for breaches of the UCT regime. As a result, businesses need to look again at their standard terms for unfair terms risks.
Baker McKenzie’s Sanctions Blog published the alert titled Blog Series: Sanctions Enforcement Around the World, the Australian Perspective on 27 April 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
Heightened sanctions and export controls targeting key technologies and the TMT sector are an important trend of recent years and reflect the current geopolitical climate. In this episode Anne Petterd, Frank Pan, and Alison Stafford Powell discuss the practical impact these sanctions have on TMT companies and what TMT companies should do in their strategic plans to de-risk their exposure.
Baker McKenzie’s Sanctions Blog published the alert titled Australia adopts further sanctions against Russia on 27 February 2023. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.
The Commonwealth Attorney-General’s Department has released its long-awaited report on its review of the Privacy Act 1988 (Cth), which proposes widespread amendments to Australia’s flagship privacy legislation. Stakeholders have until 31 March 2023 to provide feedback to the government on the proposals.
The Department of Foreign Affairs, led by the Australian Sanctions Office, is undertaking a review of Australia’s Autonomous Sanctions Framework, ahead of the expiry on 1 April 2024 of the Regulations. The Review will assess whether the Framework remains fit for purpose. The Review will be informed by responses to an Issues Paper and by consultations with key stakeholders. The closing date for submissions is 26 February 2023, with the Review to be completed by 30 June 2023.