As set out in Question & Answer  4, some foreign financial service providers are still temporarily able to rely upon the Passporting Exemption, but will, like new market entrants, need to make a decision whether to apply for bespoke relief from ASIC on the same terms as the previous class order relief, satisfy the Funds Management Relief from 1 April 2025, rely on another form of relief such as the corporate authorized representative agreement exemption, or otherwise obtain a standard AFSL to continue providing services within Australia.