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AI regulation in Australia / ASIC Report 798: governance arrangements and AI

ASIC Report 798: governance arrangements and AI

The corporate regulator's review of how licensees govern AI, and its statement that existing licensee obligations already cover AI use.

Status
In force · Australia (Commonwealth) · ASIC
Applies to
AFS licensees and credit licensees
Key date
29 October 2024 — Report published
Primary source
Official document →
Last reviewed
17 July 2026
Certrak’s verdict

The short version

One or two plain sentences: what this is, and whether it bites for a typical business.

What it actually requires

The substance in plain language. Quote the source where the exact wording matters.

Does this reach your business?

Who it applies to, and the common situations where it does or does not.

What sensible looks like

Practical, proportionate steps. Not legal advice: what a reasonable operator would do.