The authorities started a discussion about relief for foreign financial service providers (FFSPs).
It is needed to note that the government notified that it would consult on abilities to recover previously well-established regulatory relief and the ability to integrate a quick licensing procedure for companies that plan to have stable transactions within the country.
These companies give access to their customers from Australia. So, consumers are able to have a wide range of investment capabilities available in other countries.
In addition, FFSPs also attract investors and funding into Australia.