Food Standards Australia New Zealand (FSANZ) has approved an application from the Queensland University of Technology (QUT) to permit food derived from a genetically modified (GM) banana line for resistance to Panama disease (Fusarium oxysporum f. sp. cubense). The banana line QCAV-4 is the first whole GM fruit assessed and approved by FSANZ and is the first GM banana approved in the world. The Australia New Zealand Food Standards Code will be amended to permit the sale and use of food derived from the banana, should the FSANZ's approval be ratified by the food ministers of the Australian and New Zealand governments, who have 60 days from 16th February 2024 to consider the approval.

The Office of the Gene Technology Regulator (OGTR) has approved a licence for the commercial cultivation of banana line QCAV-4 in a separate but parallel regulatory assessment; however, QUT has indicated there are no immediate plans to commercialise the GM banana in Australia as Panama disease is currently contained and effectively managed in the domestic industry.