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Australia's Department of Industry, Science and Resources published a Voluntary AI Safety Standard in October 2024, outlining 10 guardrails for organizations deploying AI in high-risk contexts. The guardrails cover governance, accountability, transparency, fairness, and safety. While voluntary, the standard is referenced in Australian government AI procurement requirements and signals the direction of future mandatory regulation.
If you sell AI products to Australian government agencies or operate in regulated sectors in Australia, compliance with the voluntary standard is increasingly expected. The 10 guardrails provide a practical checklist: accountability structures, data governance, testing and evaluation, transparency to users, and incident response. Even for non-government customers, the standard represents Australia's signal about what responsible AI looks like — useful for customer conversations and future-proofing governance.