AI is becoming more capable, more complex, and more critical to how we do business. 

In parallel, evolving regulator expectations and governance standards shed light on how a patchwork of existing legal obligations apply to the way organisations develop and deploy AI systems, and how organisations should act.

In the first edition of this guide, we outlined the foundational components of an AI governance framework and emphasised that a policy alone is not governance. That observation has only become more pertinent. 

This revised edition examines the most significant developments and sets out updated, practical guidance for leaders of Australian organisations who need AI governance that manages AI risk to enable AI opportunity.