fbpx
Skip to main content
New Financial Assistance Hub

Automated Decision Making and AI Regulation

20 May 2022

Australian banks are using new technologies to increase efficiency and to provide new and more responsive services to customers. We propose the government focus on: simplifying or rationalising existing legislation that impact on the use of AI and ADM, in preference to new specific AI regulations; any regulatory intervention including setting best practice guidance should build on existing best practices and harmonise with sector specific regulation; and review and amend legislation to be neutral as to whether a human or technology is used to make decisions or conduct a process.

Download PDF  

Latest articles

1 / 3
ISSB Consultation on agenda priorities
31 August 2023

ABA submission to the ISSB Consultation on Agenda Priorities.

Read more
Climate-related financial disclosures, second-round consultation
21 July 2023

The ABA supports the introduction of mandatory climate-related financial disclosures aligned with the ISSB, and we feel that the proposed model generally strikes an appropriate balance. The submission makes key points across six areas: phased approach, reporting content, reporting location, assurance, continuous disclosure and the modified liability approach.

Read more
ABA submission to ACCC retail deposits inquiry
17 July 2023

The ABA’s submission to the ACCC’s Retail Deposits Inquiry 2023. Australian banks continue to provide a competitive, dynamic, and innovative marketplace for deposits. Banks are also cognisant of the variety of uses for deposit accounts and strive to provide products and services that meet the needs of customers.

Read more