Mandatory guardrails for AI in high-risk settings: 乐鱼（Leyu）体育官网 submission

乐鱼（Leyu）体育官网's submission to the Department of Industry, Science and Resources on the introduction of mandatory guardrails for AI in high-risk settings.

Submission paper for introducing mandatory guardrails for AI in high-risk settings.

15 October 2024

乐鱼（Leyu）体育官网鈥檚 submission paper for introducing mandatory guardrails for AI in high-risk settings.

As a leading professional services firm, 乐鱼（Leyu）体育官网 Australia (乐鱼（Leyu）体育官网) is committed to meeting the requirements of all our stakeholders 鈥� not only the organisations we audit and advise, but also employees, governments, regulators 鈥� and the wider community. We strive to contribute in a positive way to the debate that is shaping the Australian economy and we welcome the opportunity to provide a submission in response to the Introducing mandatory guardrails for AI in high-risk settings proposals paper.

This submission builds on 乐鱼（Leyu）体育官网鈥檚 previous engagement in the safe and responsible development of AI in Australia and globally. 乐鱼（Leyu）体育官网 has provided a number of submissions to various forums on this topic, including Safe and Responsible AI in Australia in August 2023, Automated Decision Making and AI Regulation in July 2022, An AI Action Plan for all Australians in December 2020, the Australian Data Strategy in July 2022, and in March 2020. 乐鱼（Leyu）体育官网 published a report with the AIIA in March 2023, Navigating AI: analysis and guidance on use and adoption, which examines the global and domestic regulatory landscape in the Artificial Intelligence space.

乐鱼（Leyu）体育官网 is an early and active user of AI, having partnered with Microsoft to streamline the deployment of AI in our back-office functions and consider its use across tax, audit and advisory work.¹ Through our Trusted AI Framework, 乐鱼（Leyu）体育官网 is also committed to a human-centred approach to responsible AI that we apply to the design and deployment of AI within the firm.

乐鱼（Leyu）体育官网 is considered both a developer and deployer of AI applications in Australia and has been on a journey over the last few years, evolving a robust AI governance structure and putting in place appropriate policies and processes that underpin our approach to responsible AI. 乐鱼（Leyu）体育官网 is also working towards a certification against the ISO42001:2023 AI Management System Standard.

The submission outlines 14 recommendations at section one and directly addresses the consultation questions at section two. If you would like to discuss the contents of this submission further, please do not hesitate to reach out. 乐鱼（Leyu）体育官网 looks forward to continuing engagement with the Australian Government as it develops a safe and responsible framework for AI in Australia.