The Federal Government's approach to AI Policy, Governance, and Security is evolving to address this dynamic landscape of artificial intelligence and the explosion of Large Language Models. The goal is to develop a framework with the aim of reducing risk to people and the planet in the development, procurement and use of AI and the comprehensive strategies employed to formulate and implement policies ensuring responsible AI use. Emphasizing robust governance frameworks, organizations navigate ethical considerations, privacy concerns, and potential biases. Security protocols are paramount, safeguarding against cyber threats and ensuring the integrity of AI systems. Leveraging this multifaceted approach will help to foster innovation while prioritizing transparency, accountability, and the public interest. The Federal Government's commitment to shaping a secure and ethical AI landscape underscores its pivotal role in technological evolution.