This page is an educational summary for professionals working with AI. It is not the law and not legal advice. Always work from the current authoritative text linked below.
What does the Corporations Act do?
The Corporations Act 2001 (Cth) is Australia's principal corporations statute, governing company registration and governance, financial markets and financial services licensing. The current text is Compilation No. 147 (C2026C00339) on the Federal Register of Legislation, in force from 1 July 2026. This site's articles touch mainly section 912A general obligations, section 912DAA breach reporting, Part 9.4AAA whistleblower protections and Part 7.8A design and distribution obligations.
Who does it bind?
Companies registered under the Act and their directors and officers; Australian financial services licensees and their representatives; and the regulated entities covered by the whistleblower regime. ASIC administers it.
What do practitioners get wrong?
Citing superseded compilations: the Act is amended constantly, and compilation No. 145 (C2026C00058) kept appearing in citations after No. 147 replaced it. A second trap is reading the section 912DAA clock as 30 days from internal confirmation, when subsection (3) starts it when the licensee first knows, or is reckless as to whether, reasonable grounds exist.
Where does AI use touch it?
Obligations registers and breach clocks are increasingly AI-maintained, so change control and human sign-off matter: see AI obligations registers and the 30-day breach triage clock. Part 9.4AAA questions arise with whistleblower disclosures through general AI tools, and Part 7.8A with AI-driven personalisation under the DDO.
Bottom line
One statute carries the AFSL obligations, the breach reporting clock, the whistleblower regime and the DDO. Work from the current compilation, No. 147, and treat AI systems touching these parts as part of your compliance evidence chain.
TheAICommand. Intelligence, At Your Command.