The statement
In accordance with the Digital Transformation Agency’s (DTA) Policy for responsible use of AI in government, this page presents the Australian Prudential Regulation Authority’s statement on Artificial Intelligence Transparency. (Template language)
How APRA uses Artificial Intelligence
At this time, APRA has not yet deployed any use of Artificial Intelligence (AI) which directly interacts with the public or is involved in decision making and administrative action without human intervention in its entity facing supervision, decision-making, and/or its engagements with the regulated entities and members of the public. APRA's use of AI is limited to the development of use cases within internal departments, focused on improving operational efficiencies. (DTA domains of Corporate and Enabling, and Workplace Productivity*).
*Please see Classification system for AI use for more information on usage patterns related to AI in agencies. Also appears in 1 other agency ARPC
APRA has designated a panel consisting of the Executive Director – Technology & Data, Chief Information Officer (CIO) and Chief Data Officer (CDO) to be the Accountable Officers for AI.
Responsible AI usage policy: Also appears in 2 other agencies AIFS ASSEA
APRA has developed and maintains an IT Acceptable Use & Privacy Policy which has been updated to include responsible AI usage. The policy aligns with advice and guidance provided by the DTA for using AI services ethically and responsibly to ensure that it is appropriately governed, is safe and that risks are identified and addressed.
All staff must complete mandatory training on the appropriate use of AI before being granted an AI license (e.g., Microsoft Copilot) and staff have access to APRA’s Risk framework to report any concerns or issues. APRA has adopted Copilot as its preferred AI tool.
Compliance with Legislation and Regulations Also appears in 1 other agency ARPC
APRA ensures AI usage complies with Australian legislation, such as data privacy and anti-discrimination laws through the implementation of its IT Acceptable Use & Privacy Policy. The Policy aligns with the Australian Government's Policy for responsible use of AI in government. (Template language)
Statement Review and Updates Also appears in 3 other agencies ACQSC ARPC DITRDCA
This statement will be updated as and when APRA’s approach to AI changes or when developments materially affect the statement’s accuracy, and at least every twelve months.
For inquiries about APRA's AI use, please email: aiao@apra.gov.au.
The Australian Prudential Regulation Authority (APRA) is the prudential regulator of the financial services industry. It oversees banks, mutuals, general insurance and reinsurance companies, life insurance, private health insurers, friendly societies, and most members of the superannuation industry. APRA currently supervises institutions holding around $10.6 trillion in assets for Australian depositors, policyholders and superannuation fund members.
APRA's AI Transparency Statement
In accordance with the Digital Transformation Agency’s (DTA) Policy for responsible use of AI in government, this page presents the Australian Prudential Regulation Authority’s statement on Artificial Intelligence Transparency.
How APRA uses Artificial Intelligence
At this time, APRA has not yet deployed any use of Artificial Intelligence (AI) which directly interacts with the public or is involved in decision making and administrative action without human intervention in its entity facing supervision, decision-making, and/or its engagements with the regulated entities and members of the public. APRA's use of AI is limited to the development of use cases within internal departments, focused on improving operational efficiencies. (DTA domains of Corporate and Enabling, and Workplace Productivity *).
*Please see Classification system for AI use for more information on usage patterns related to AI in agencies.
Monitoring and Governance
Accountable Officials:
APRA has designated a panel consisting of the Executive Director – Technology & Data, Chief Information Officer (CIO) and Chief Data Officer (CDO) to be the Accountable Officers for AI.
Responsible AI usage policy:
APRA has developed and maintains an IT Acceptable Use & Privacy Policy which has been updated to include responsible AI usage. The policy aligns with advice and guidance provided by the DTA for using AI services ethically and responsibly to ensure that it is appropriately governed, is safe and that risks are identified and addressed.
Training and assistance:
All staff must complete mandatory training on the appropriate use of AI before being granted an AI license (e.g., Microsoft Copilot) and staff have access to APRA’s Risk framework to report any concerns or issues. APRA has adopted Copilot as its preferred AI tool.
Compliance with Legislation and Regulations
APRA ensures AI usage complies with Australian legislation, such as data privacy and anti-discrimination laws through the implementation of its IT Acceptable Use & Privacy Policy. The Policy aligns with the Australian Government's Policy for responsible use of AI in government.
Statement Review and Updates
This statement will be updated as and when APRA’s approach to AI changes or when developments materially affect the statement’s accuracy, and at least every twelve months.
Contact Information
For inquiries about APRA's AI use, please email: aiao@apra.gov.au.
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In accordance with the Digital Transformation Agency’s (DTA) Policy for responsible use of AI in government, this page presents the Australian Prudential Regulation Authority’s statement on Artificial Intelligence Transparency.
How APRA uses Artificial Intelligence
At this time, APRA has not yet deployed any use of Artificial Intelligence (AI) which directly interacts with the public or is involved in decision making and administrative action without human intervention in its entity facing supervision, decision-making, and/or its engagements with the regulated entities and members of the public. APRA's use of AI is limited to the development of use cases within internal departments, focused on improving operational efficiencies. (DTA domains of Corporate and Enabling, and Workplace Productivity*).
*Please see Classification system for AI use for more information on usage patterns related to AI in agencies.
Monitoring and Governance
Accountable Officials:
APRA has designated a panel consisting of the Executive Director – Technology & Data, Chief Information Officer (CIO) and Chief Data Officer (CDO) to be the Accountable Officers for AI.
Responsible AI usage policy:
APRA has developed and maintains an IT Acceptable Use & Privacy Policy which has been updated to include responsible AI usage. The policy aligns with advice and guidance provided by the DTA for using AI services ethically and responsibly to ensure that it is appropriately governed, is safe and that risks are identified and addressed.
Training and assistance:
All staff must complete mandatory training on the appropriate use of AI before being granted an AI license (e.g., Microsoft Copilot) and staff have access to APRA’s Risk framework to report any concerns or issues. APRA has adopted Copilot as its preferred AI tool.
Compliance with Legislation and Regulations
APRA ensures AI usage complies with Australian legislation, such as data privacy and anti-discrimination laws through the implementation of its IT Acceptable Use & Privacy Policy. The Policy aligns with the Australian Government's Policy for responsible use of AI in government.
Statement Review and Updates
This statement will be updated as and when APRA’s approach to AI changes or when developments materially affect the statement’s accuracy, and at least every twelve months.
Contact Information
For inquiries about APRA's AI use, please email: aiao@apra.gov.au.
Footnotes
Statement text © Australian Prudential Regulation Authority. Most agency content is CC BY 4.0; check the original for its terms.