From www.claytonutz.com: Licensing exemptions for foreign financial services providers in Australia will be postponed due to the federal election, as the Treasury Laws Amendment (Miscellaneous Measures) Bill 2024 was not passed before Parliament was prorogued.

Following the election on May 3, 2025, the bill would need to be reintroduced.

Meanwhile, ASIC’s transitional relief arrangements remain applicable, allowing certain FFSPs to continue operating under existing license relief until March 31, 2026, while others may apply for temporary individual licensing relief.