Understood. BMW isn't recommending LL04 on any ICE outside of EU, so LL04 shouldn't be suitable in countries like Australia.LL04 won’t so well in the markets with sulfur levels above 50ppm. Even Australia still runs regular at 150ppm. There are markets with higher concentration.
BMW in general was always sloppy with oil recommendations. If latest matrix lists LL04, nothing stops people running LL01.
In the case of OP, the oil matrix says LL04 is not suitable for S68. I'm guessing it is because the "technical changes in Bx8TU2" make 5W-X oils not suitable, and LL04 has 5W-X oil. LL01FE is still approved for some Bx8TU2 (and S68) because LL01FE oils are (mostly?) 0W-X and thus not affected by these "technical changes"?
Third to last sentence: "Due to technical adjustments, oils of viscosity grade SAE 5W-X are not suitable for Bx8TU2 petrol engines."
Since many LL01 oils are 5W-X, I think that's why the suitable oil matrix no longer lists LL01 as suitable for B48TU2, B58TU2, and even S68 (which was released in July 2022, around the release of Bx8TU2 series).