The Australian Securities and Investments Commission on September 3, 2026 warned that cryptocurrency businesses still relying on its temporary no-action position must meet authorization conditions by September 30, 2026, or risk civil and criminal penalties from October 1, including fines of up to 10% of annual turnover. Firms can apply for a new Australian Financial Services licence, vary an existing one, or operate as an authorized representative under an existing AFS licence holder; those needing an Australian Market Licence or a clearing and settlement facility licence must notify ASIC and complete a pre-application meeting before the deadline. ASIC extended the no-action period on June 25, 2026 from June 30 to September 30 and broadened coverage to authorized-representative and intermediary arrangements, with related licence applications rising from about 30 at that extension to more than 45 after updated INFO 225 guidance in October 2025. The September 30 cutoff is separate from Australia’s Corporations Amendment (Digital Assets Framework) Act 2026, which takes effect April 9, 2027 and will bring crypto and tokenized custody platforms under the financial services licensing regime; ASIC said many firms will still need current authorizations after that framework begins and plans further standards and guidance beforehand. Missing one track does not satisfy the other.