Stocks to Settle in One Day: Australia, NZ Plan Major Change by 2030

New Zealand and Australia are expected to move to next-day settlement for stock trades within five years. This shift, known as T+1 settlement, means investors will receive their money and shares one day after a transaction, instead of the current two-day wait. A senior banker stated the change will happen once key clearing and settlement systems are ready. The move aligns with a global trend, as major markets like the United States have already adopted faster settlement times to reduce risk and improve efficiency.