Australian (Non-US) Date Format in Formulas and Primary Field

Hello,

I have set my profile local to Australia so the date format is DD/MM/YYYY.

This format is showing as expected for the date and date range fields.

But when I use these fields in a formula (including the auto generated primary field), the date format reverts to US format (MM/DD/YYYY).

Is there a way to set my preferred date format in formulas or the primary field?

As the only date format options I can see are compact, standard and long and not the usual DD/MMM/YYYY format options in other apps.

Thanks