AI Governance Consulting for Australian Businesses
We help organisations across Australia build governance frameworks that satisfy regulators and manage artificial intelligence risk effectively. Practical solutions, not theoretical documents.
With ASIC identifying governance gaps in 23 financial institutions and APRA CPS 230 now in effect, Australian businesses need AI governance strategies that work. Our consulting services bridge the gap between AI adoption and the governance structures required to manage it.
Why Australian Businesses Need AI Governance Now
78% of organisations use AI, but only 11% have fully implemented responsible AI capabilities. The gap between adoption and governance maturity exposes businesses to regulatory, operational, and reputational risks that are accelerating.
ASIC REP 798: Governance Gaps Exposed
ASIC reviewed 624 AI use cases across 23 licensees and found that nearly half lack policies addressing consumer fairness or algorithmic bias. Even fewer have guidelines for disclosing AI use to consumers. Businesses are adopting AI technologies faster than they are updating risk and compliance frameworks.
CPS 230 and FAR: Personal Accountability
APRA CPS 230 requires operational risk management frameworks that include AI systems. The Financial Accountability Regime holds directors and senior executives personally accountable, with penalties up to $1.565 million for individuals and $210 million for corporations. AI governance is no longer optional for regulated entities.
Shadow AI and Generative AI Risk
The rapid growth of generative AI and large language models has created new governance challenges. Businesses face uncontrolled proliferation of AI tools across teams, with 70% of organisations using generative AI reporting they need outside help to manage it responsibly. Without governance, shadow AI creates data privacy, security, and compliance risks.
Our AI Governance Consulting Services
End-to-end AI governance services for Australian businesses, from strategy development through implementation and ongoing advisory support. Our consultants bring deep expertise in both AI technologies and the Australian regulatory landscape.
AI Governance Framework Design
We design governance structures tailored to your organisation, including committee charters, RACI matrices for AI ownership and accountability, and three lines of defence models for AI risk management. Every framework aligns to APRA, ASIC, and Australia's 8 AI Ethics Principles.
Regulatory Compliance Strategy
Our team maps your AI operations against CPS 230 operational risk requirements, ASIC's 11 self-assessment questions from REP 798, FAR accountability obligations, and Privacy Act automated decision-making transparency requirements effective December 2026.
AI Risk Assessment and Management
We build AI risk taxonomies and assessment methodologies that identify, evaluate, and mitigate risks across your entire AI portfolio. This includes bias and fairness evaluation, data governance review, model validation, and third-party AI vendor due diligence.
Generative AI Governance
Specific governance for generative AI and large language models, including acceptable use policies, data privacy safeguards, output validation processes, and intellectual property protection. We help businesses adopt tools like ChatGPT, Copilot, and Claude with appropriate controls.
Operating Model and Transformation
We define clear roles and responsibilities for AI governance, design operating models that integrate with your existing business processes, and embed governance into day-to-day operations across your organisation.
Board Reporting and Assurance
We create board reporting templates, define governance KPIs, and establish the reporting cadences that keep directors informed and demonstrate AI governance maturity to regulators and stakeholders. Our solutions make AI risk visible at the leadership level.
How We Deliver AI Governance
Our approach is built on practical implementation, not theoretical frameworks. We design governance strategies that integrate with how your business actually operates, managing AI risks while building sustainable capabilities alongside your people.
Discovery and AI Inventory
We map your entire AI landscape: what models exist, who owns them, how they were approved, what data they use, and what risks they present. This includes identifying shadow AI across the organisation and assessing current governance maturity against ASIC's 11-question framework.
Strategy and Framework Design
We design your AI governance framework, operating model, and compliance strategies tailored to your regulatory environment. For APRA-regulated businesses, this means mapping to CPS 230 and FAR. For all organisations, we align to Australia's AI Ethics Principles and prepare for the proposed mandatory guardrails.
Policy Development and AI Ethics
We create practical AI policies covering acceptable use, risk assessment and approval, vendor management, incident response, data governance, and AI ethics implementation. Each policy is calibrated to Australian regulatory requirements and your organisation's risk appetite.
Implementation and Transformation
We embed governance into your operations: training your teams, integrating processes into existing workflows, establishing monitoring and reporting cadences, and supporting the change management that turns frameworks into working governance. Our consultants stay with you until governance is operational.
What You Receive
Tangible deliverables that demonstrate governance maturity to regulators, boards, and stakeholders. Every solution is tailored to your industry, size, and regulatory obligations.
AI Governance Framework
- Governance structure with committee charters and terms of reference
- RACI matrix for AI ownership, accountability, and decision rights
- Three lines of defence model for AI risk management
- Board reporting templates with governance KPIs and risk indicators
Policy Suite
- AI Acceptable Use Policy (including generative AI and LLMs)
- AI Risk Assessment, Classification, and Approval Policy
- Third-Party AI Vendor Assessment and Due Diligence Policy
- AI Incident Response and Escalation Procedures
Implementation Roadmap
- Phased implementation plan with milestones and success metrics
- Training materials for governance teams, data scientists, and leadership
- Change management strategy and stakeholder communication plan
- Governance maturity assessment and measurement framework
Regulatory Alignment
- APRA CPS 230 operational risk compliance mapping
- ASIC REP 798 self-assessment and gap remediation
- Privacy Act 2024 automated decision-making readiness
- Australian AI Ethics Principles alignment and ISO 42001 readiness
Industries Our AI Consulting Team Serves
We bring deep industry expertise to every engagement, understanding the specific regulatory requirements and AI technologies that matter in your sector.
Financial Services
AI governance solutions for banks, insurers, and superannuation funds navigating APRA CPS 230, ASIC REP 798, and FAR accountability requirements. We help financial services businesses manage AI risks from credit decisioning to fraud detection to customer-facing AI.
Government and Public Sector
Governance frameworks aligned to the National Framework for AI Assurance in Government and Australia's Public Service AI Framework. We help government organisations adopt AI responsibly while maintaining public trust.
Healthcare
Specialised governance for healthcare organisations, addressing TGA medical device software regulation, clinical AI validation, AI scribes governance, and patient data privacy. Covering hospitals, health districts, and digital health providers across Australia.
Insurance
AI governance for insurers using machine learning in claims processing, underwriting, and fraud detection. We address APRA prudential requirements and help insurance businesses manage algorithmic bias and consumer fairness obligations.
Technology
Governance for technology companies building and deploying AI products. We help software businesses establish oversight of machine learning models, data pipelines, and AI-powered products.
Superannuation
Governance for super funds using AI in investment management, member services, and compliance operations. We understand APRA trustee obligations and the fiduciary responsibilities that shape governance in this sector.
Who This Is For
Our governance consulting services are designed for Australian businesses that recognise AI governance as a strategic priority, not just a compliance exercise. We work with organisations across all sizes, from mid-market to enterprise.
Enterprise Organisations
Businesses with multiple AI initiatives across teams that need consolidated governance, clear accountability, and board-level risk reporting.
Regulated Industries
Financial services, insurance, healthcare, and government organisations in Australia facing APRA, ASIC, OAIC, and TGA regulatory requirements for AI systems.
Scaling AI Adoption
Organisations that have deployed AI but recognise governance has not kept pace. We help you scale adoption safely while maintaining the controls boards and regulators expect.
Why Australian Businesses Choose Our AI Consulting Team
Deep Australian Regulatory Expertise
Unlike global platforms strong on EU AI Act but weak on Australian requirements, we work in the APRA, ASIC, and OAIC regulatory landscape every day. We understand the multi-regulator environment that makes AI governance in Australia uniquely complex.
Implementation, Not Just Strategy
Frameworks that sit on shelves do not protect your business. We stay with you through implementation, embedding governance into operations and training your people to sustain it independently.
Governance That Enables Growth
We position governance as an accelerator, not a blocker. Only 5% of organisations realise significant AI value. Our strategies help you move faster with confidence, managing the risks that boards, regulators, and customers care about.
Right-Sized for Your Business
You do not need Big 4 overhead or a global platform subscription to get expert AI governance consulting. Our engagements are structured to deliver maximum business value for Australian organisations, whether you are a mid-market company or a large enterprise.
Frequently Asked Questions
How long does an AI governance program take to implement?
Typical engagements run 12-16 weeks for framework design and initial implementation. A full governance transformation, from assessment through operationalisation, takes 6-12 months depending on your organisation's size, number of AI use cases, and regulatory complexity. We work in phased milestones so you see results early.
Do we need a Chief AI Officer or dedicated AI governance team?
Not necessarily. We design governance structures that work within your existing organisation. Many Australian businesses assign AI governance responsibility to existing risk, compliance, or technology leadership with appropriate committee support. Our solutions scale to your team structure and resources.
How does this align with APRA and ASIC requirements?
Our frameworks are specifically designed for the Australian regulatory environment. We map all deliverables to APRA CPS 230 operational risk expectations, address ASIC REP 798 findings on governance gaps, align with FAR accountability requirements, and prepare your organisation for Privacy Act automated decision-making obligations effective December 2026.
What about generative AI governance specifically?
Generative AI introduces unique risks around data privacy, intellectual property, output accuracy, and shadow AI proliferation. We develop specific strategies for managing generative AI tools, large language models, and AI-powered automation across your business, with policies and controls tailored to these technologies.
What if we also need to comply with the EU AI Act?
We design governance frameworks that accommodate multiple jurisdictions. If your business has European operations, customers, or AI solutions deployed in EU markets, we include EU AI Act risk classification, conformity assessment requirements, and GPAI provisions in your governance strategy alongside Australian obligations.
How is this different from what the Big 4 consulting firms offer?
The Big 4 bring broad resources but AI governance may not be their core speciality, and their pricing excludes mid-market businesses. We are specialist AI governance consultants with deep Australian regulatory expertise, implementation focus, and right-sized engagements that deliver business value without enterprise-only overhead.
Related AI Consulting Services
Risk Framework Development
AI-specific risk taxonomies and assessment methodologies aligned to APRA CPS 230 and NIST AI Risk Management Framework.
Learn more →AI Policy Development
Comprehensive policy suites covering acceptable use, risk assessment, vendor management, and generative AI governance for Australian businesses.
Learn more →ISO 42001 Certification
Implementation consulting for the international AI management system standard. Demonstrate governance maturity with globally recognised certification.
Learn more →Ready to Build Your AI Governance Program?
Schedule a consultation to discuss your organisation's AI governance requirements, regulatory obligations, and how we can help you manage risk while building a governance programme that scales.