The European Union (EU) published its proposed Regulation laying down harmonised rules for Artificial Intelligence (the Artificial Intelligence Act) on 21 April 2021. Once it comes into force, this Act will impact upon Australia. It is therefore important that Australians take note of the proposal at this relatively early stage. This article brings attention to the key features of the EU’s proposed Artificial Intelligence Act. However, the main aim is to highlight why it is important for Australia and to examine, in some detail, the rules that will determine when the Act applies to Australians.