The shift would depend on clearing infrastructure upgrades, with the timeline cited by a senior banker pointing to a longer transition than some other markets.
Australia and New Zealand are reportedly aiming to move to T+1 stock settlement by 2030, a change that would shorten the time needed to complete share trades from two business days to one. The reported timeline hinges on upgrades to clearing infrastructure, suggesting the transition will depend on back-end market plumbing being modernized before the new standard can be adopted. A senior banker was cited as the source of the timeline. The move would align the two markets with a broader global push toward faster settlement, which is designed to reduce counterparty risk and free up capital more quickly, though the 2030 target implies a relatively long implementation runway.