The AI system you built and the data it runs on can become products in their own right — licensed, sold as a service, or embedded in what you offer. But who owns the model and the data asset? If you license it, is the revenue recognised correctly and the income landing in the entity that should hold the IP? Get ownership and structure wrong up front and you pay for it in tax and in every future deal.
AI and data assets you own and can commercialise — with revenue recognised correctly and the income flowing to the entity you intended to hold it.
Where this maps in the law & standards
AASB 15 for revenue and licensing recognition; AASB 138 Intangible Assets for models and data assets; DEMPE per the OECD Transfer Pricing Guidelines and ATO guidance where IP crosses borders.
This page is general information only — not personal financial, tax or legal advice. Any AI build or advisory work is performed under a signed engagement with Local Knowledge Pty Ltd, in accordance with the applicable professional standards, and every material output is reviewed by a CPA. Building an AI system reduces risk to a reasonable level; it is never a guarantee of a particular outcome.
Everyone is “doing AI”. The real question is which decisions in your business it should actually make — and which it never should.
A subscription is something you rent. We build the AI system — the model, the data and the workflow — as an asset you own.
A model that made sense last quarter can drift, leak data or make a call it never should. Who is watching it — and against what standard?