Map FAR individual accountability for AI and operational risk
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the org chart and the FAR rules named, map AI and operational-risk functions to named accountable persons for an APRA-regulated AFSL holder.
- What the lawyer must review
- Confirm FAR applies (banks from 15 March 2024; insurers and super from 15 March 2025)
- Check whether the entity is enhanced
- Remember weak board AI oversight can breach an accountable person's duties
- Match the real structure and add APRA's April 2026 findings
- Written for / version
- Commonwealth versionCth
Rules that apply
The document starts from the task name. Change it if this piece of work is different.
Who does what
| Role | What they do |
|---|---|
| Assistance | Consider narrowly defined preparation support after confirming the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.