Australia news live: regulator ramps up enforcement on banks; magistrate to deliver jumping castle deaths decision

Asic’s deputy chair said the regulator was rebuilding its enforcement of bank regulation. Follow today’s news liveScience minister says AI presents ‘enormous’ opportunity for AustraliaTim Ayres, the minister for industry, innovation and science, said the government may look at imposing new laws around artificial intelligence, but described the technology as an “enormous” economic opportunity Australia couldn’t afford to fall behind on. Ayres told RN Breakfast:This is a really important contribution to the productivity agenda and really important contribution to our plan for economic growth. We are of course, as you say, going to have to attend carefully to managing risks and harms, you know, potential risks, potential harms. Continue reading...

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Tourist visits 'world's most dangerous city' and can't believe how beautiful the beach is

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