In a ground-breaking development for cryptocurrency investors, the Australian Securities Exchange (ASX) has approved its first-ever spot Bitcoin exchange-traded fund (ETF). This milestone comes at an interesting time as the Australian Securities and Investments Commission (ASIC) has begun its crackdown on digital asset providers. The launch of this ETF marks a significant shift in the …
Continue reading “ASX approves first spot Bitcoin ETF in Australia”
The Productivity Commission published a critical report that has raised concerns about the lack of guidance provided by regulators on the use of artificial intelligence (AI) in business. This gap is creating uncertainty and stifling innovation among Australian companies eager to leverage AI for enhanced productivity and competitive advantage. The Commission’s report underscores the pivotal …
Continue reading “Productivity Commission releases report on the adoption of AI in business”
Queensland Courts has released a set of guidelines aimed at non-lawyers to ensure the ethical and responsible use of Artificial Intelligence (AI) in legal processes. These guidelines are targeted at those who are representing themselves (or others) in any civil or criminal proceedings in Queensland courts and tribunals. AI technologies offer significant potential to streamline …
A new set of amendments was registered for the Online Safety (Basic Online Safety Expectations) Determination 2022 (Cth). These amendments have created several additional expectations for online service providers. Online technologies have been routinely faced with emerging threats. This has namely been posed by artificial intelligence (AI) and recommender systems (social media algorithms), with particular …
Amid growing privacy concerns, experts warn about the potential misuse of Australians’ birth dates and health data. Katharine Kemp, a prominent voice in data privacy from UNSW, highlights the risks associated with the commercialisation of personal information. As digital transactions and online activities increase, so does the risk of personal data being exploited. Kemp’s insights …
Continue reading “Concerns mount over the sale of birth date and health data in Australia”
In a significant move aimed at protecting children from the potential harms of social media, the South Australian government has proposed a ground-breaking policy to ban social media access for children under 14. This initiative seeks to address growing concerns about the negative impact of social media on young minds. The proposed ban is part …
Continue reading “South Australian government moves to ban social media for kids under 14 years old”
The World Intellectual Property Organization (WIPO) has announced the adoption of a historic treaty aimed at addressing the complex issues surrounding intellectual property (IP), genetic resources, and associated traditional knowledge. The new treaty establishes a comprehensive framework for the protection of genetic resources and traditional knowledge, ensuring that the benefits arising from their use are …
The Australian eSafety Commissioner has withdrawn its investigation into Musk’s social media platform, X (formerly Twitter), concerning a video that depicted the stabbing of a bishop. This decision comes amid mounting scrutiny over the regulation of online content and the responsibilities of social media platforms in moderating harmful material. The controversial video, showing the stabbing …
Continue reading “eSafety Commissioner drops case against X over stabbing video”
A recent speech by the Attorney-General of Australia at the Privacy by Design Awards 2024 serve as a prelude to the forthcoming legislative changes to the Privacy Act. The upcoming Privacy Legislation Reform focuses on several critical areas: Enhanced Data Protection: Strengthening the mechanisms for protecting personal data, particularly in light of increasing cyber threats …
Continue reading “Privacy legislation overhaul may come as early as August 2024”
IP Australia has launched an AI trademark checker. This free tool enables users to check existing trademarks to save time and money. The tool has been piloted since October 2022 and now has been released for public use. It is approximately being used for 140 applications per week, with the primary user base being small …
