Policy & Ethicsgenerative aiconsumer financeasicregulation
ASIC Publishes AI Guidance For Financial Advice
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8.7
The Australian Securities and Investments Commission has published new Moneysmart guidance on using AI for financial information, citing research that 18% of Gen Z Australians use AI tools and 64% trust them for money advice (16% fully trust, 63% confident in accuracy). The guidance says AI can aid general learning but is not regulated financial advice, urging verification and licensed advisers for investment or personalized decisions.
Scoring Rationale
Strong regulatory credibility and practical relevance; moderate novelty limited to guidance rather than enforceable regulation or novel technical standards.
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