Australias new National AI Plan, aimed at guiding the countrys AI approach, has been released. The plan, promoted as a national framework for long-term prosperity, has been criticized for lacking concrete safeguards and relying on uncertain economic predictions. Notably, the plan does not include mandatory requirements for AI systems impacting peoples rights or well-being, despite earlier expectations. Instead, it introduces an AI Safety Institute to study risks and advise regulators, but this institute lacks enforcement power. The plan assumes existing legal frameworks can handle AI-related issues, but this approach may leave the public exposed where the law is unclear or silent. The plans optimistic view of AI-driven productivity growth is questioned, as it lacks evidence to support these beliefs. Experts suggest a more balanced strategy prioritizing public protection over industry promises.

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