Amica: Australia’s Solution for Dividing Assets

Jul 23, 2020 | Srivats Shankar

Last year we had reported the Australian government considering the possibility of using artificial intelligence technology to streamline divorce proceedings, particularly the stage involving division of assets. Recently, this provision has become a reality with Amica, an artificial intelligence powered solution, which courts are projected to use as a form of alternative dispute resolution exclusively for dividing assets between couples. According to Australian federal government, the artificial intelligence solution would be used for separating assets in divorces that are “relatively amicable.” It is an initiative of the National Legal Aid and Legal Services Commission of South Australia to provide accurate information for separating couples and assist with maintaining lines of communications.

According to Amica’s website, their service primarily targets two post-divorce concerns – parenting arrangements, and division of property and money. The platform would serve as a forum for former couples to meet and discuss the possibility of dividing assets, with the biggest draw being the cost of service. It aims to be an affordable solution, especially in relation to legal services. The service would charge a nominal fee, which would go towards developing the service and maintaining the offering in the future.

Related

Latest

European Union Considering Establishing International Treaty on Artificial Intelligence

Srivats Shankar | Jul 26, 2020

The European Union Ad Hoc Committee on Artificial Intelligence is considering an international treaty for artificial intelligence in its upcoming session

Department of Transportation Releases Document for Future of Transportation Regulatory Approach

Srivats Shankar | Jul 26, 2020

The US Department of Transportation releases document for facilitating communication between regulators and developers of emerging transportation technology

Amica: Australia’s Solution for Dividing Assets

Srivats Shankar | Jul 23, 2020

Read On

Terminology

Deepfake

/diːpfeɪk/

Artificial General Intelligence

/ˌɑːtɪfɪʃl ˈdʒɛn(ə)r(ə)l ɪnˈtelɪɡəns/

Artificial Intelligence

/ˌɑːtɪfɪʃl ɪnˈtelɪɡəns/

More Terminology

Events

13th International Conference on Agents and Artificial Intelligence – ICAART 2021

INSTICC | 2021-02-04 12:00:00

More Events