Introduction of Australia’s Digital ID Bill 2024

The Digital ID Bill 2024 was recently investigated by the Senate Economics and Legislation Committee. In its report, the Committee was overall pleased with the numerous benefits that a digital ID scheme will bring to individuals and businesses in Australia. The Bill will: legislate and strengthen a voluntary Accreditation Scheme for digital ID service providers …

US SEC uncovers AI washing in corporate case

The recent settlement between the United States Securities and Exchange Commission (SEC) and two investment advisers, Delphia and Global Predictions, sheds light on the deceptive practice of artificial intelligence (AI) washing and its impact on corporate governance. AI washing refers to the deceptive use of AI for marketing or public relations purposes without meaningful substance. …

Apple faces lawsuit over App Store monopoly allegations in the US

Apple is currently embroiled in a legal battle with the Department of Justice (DOJ) over allegations of monopolistic practices related to its App Store in the United States. The lawsuit, which comes after years of scrutiny and criticism from developers and regulators, highlights the ongoing debate over competition and control in digital marketplaces. The DOJ’s …

AI set to impact 95% of Australia’s workforce

A recent report by the Australian Computer Society has shed light on the profound impact that artificial intelligence (AI) and critical technologies will have on Australia’s workforce, with an estimated 95% of workers expected to be affected. This revelation underscores the urgent need for upskilling and reskilling initiatives to prepare workers for the future of …

Meta not to renew commercial agreements with Australian media

Meta, the parent company of Facebook and Instagram, recently made headlines with its decision not to renew commercial agreements with Australian news media outlets. This move has sparked discussions about the relationship between tech giants and traditional media, as well as the broader impact on the news landscape in Australia. The decision by Meta comes …

Bill passes House of Representatives to potentially ban TikTok in the US

The recent passage of a Bill by the United States House of Representatives has sent shockwaves through the tech world, particularly impacting social media giant TikTok. The Bill, aimed at protecting the data of American citizens, could potentially lead to a ban of TikTok in the US. This development underscores the ongoing concerns about data …

Latest Notifiable Data Breaches Report reveals risk of outsourcing information handling to third parties

The Office of the Australian Information Commissioner (OAIC) released its Notifiable Data Breaches (NDB) Report for July to December 2023, providing valuable insights into the state of data security and privacy in Australia. The report highlights the persistent challenges faced by organisations in safeguarding sensitive information and underscores the importance of robust data protection measures. …

Australia and the United Kingdom unite to advance online safety and security

Australia and the United Kingdom are forging a strong partnership aimed at enhancing online safety and security for their citizens. The recent signing of a Memorandum of Understanding (MoU) between the two nations signifies a collaborative effort to address the evolving challenges of the digital age. One of the primary objectives outlined in the MoU …

Australian Law Council explores whether artificial intelligence can draft legislation

The Australian Law Council’s recent research delves into the intricate relationship between legislation and artificial intelligence (AI), shedding light on the challenges and opportunities posed by the integration of AI technologies into legal frameworks. The study offers valuable insights into how AI can inform and potentially transform the legislative process. At the heart of the …

Federal Court applies financial services law to crypto-based financial products

The recent case of Australian Securities and Investments Commission (ASIC) v Web3 Ventures Pty Ltd [2024] FCA 64 sheds light on the regulatory landscape surrounding crypto-backed financial products. ASIC alleged that Web3 Ventures, trading as Block Earner, had engaged in conduct that required an Australian Financial Services (AFS) license by offering “Access” and “Earner” crypto-backed …