Australia and New Zealand are expected to shift to next-day settlement for stock trades as part of a broader global transition, according to a senior banker cited by both Bloomberg and the Financial Post. The change is described as likely to happen within the next five years, targeting a timeframe around 2030, but it depends on readiness of the local market infrastructure. Both reports tie the move to the completion or upgrades of key clearing and settlement systems that support how trades are processed and confirmed. The coverage does not specify an exact launch date, timetable, or which specific technologies or system components are required. It also does not provide details on regulatory approvals or the scope of participation (such as whether all markets and instruments would be covered at once). Overall, the common thread across sources is that the transition is viewed as feasible only after operational and technical prerequisites for settlement performance are in place, with next-day settlement framed as the destination rather than an immediate change.