( October 9, 2026, 03:42 GMT | Official Statement) -- MLex Summary: Australia is considering a systems-based approach to regulating frontier artificial intelligence, an Australian minister has said. In a speech on Thursday, Andrew Charlton, assistant minister for science and technology, said the approach would place the onus on companies to establish a rigorous process for finding, testing, reporting on and managing the risks of their AI systems, and then hold them accountable for whether that process works. He said voluntary codes fail to address competitive incentives to prioritize capability over safety, while detailed prescriptive rules risk becoming outdated as technology advances. The systems-based approach would draw on regulatory models used in workplace safety, critical infrastructure and banking supervision. Speech follows....
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