Australia regulates industrial chemicals at the federal, state, and local levels. Recent reforms to the National Industrial Chemicals Notification and Assessment Scheme (NICNAS) aim to streamline risk assessment processes and increase utilization of international data sharing. NICNAS has already successfully shared assessment materials and engaged in data sharing initiatives through bilateral and multilateral partnerships. Going forward, NICNAS intends to continue publishing publicly available information, aligning regulatory approaches, and promoting greater harmonization of chemical assessment globally to further enhance the efficiency of regulation and availability of safety information.