Rugby Australia had set down two days for the hearing over the weekend, both of which were held at the organisation's offices.
With the offices back to normal operation during the week, this third day is set to be moved to the offices of Herberts, Freehills and Mason in Sydney's CBD.
Rugby Australia said on Monday afternoon that a decision would not be made by the end of Tuesday, though it is expected to be the final day of the formal hearing.
Folau will be required to attend again.
Once the hearing officially wraps up, the three-person panel of John West QC (chair), Rugby Australia-appointed Kate Eastman SC and the RUPA-appointed John Boultbee will retire to deliberate and come to a decision on the case.
A verdict could come in the days immediately following the hearing's conclusion but there is no mandate on that.
While Folau awaits news of his fate, his Waratahs teammates are preparing for a must-win Super Rugby clash against the Lions in Johannesburg.
Backrower Ned Hanigan said while there was wall-to-wall coverage of the case in Australia, it had not made the same spalsh in Africa.
“The short answer is no. I think there’s a bit of a political thing going on at the moment over here so there’s a fair bit of that stuff around but not really (Izzy)," he said on Monday.
"As a team we’re sort of pretty focused on the job and I think there’s a lot of learnings we can take from the weekend that we can definitely take into this weekend.
“We haven't done a review yet but it’s all happening this morning but yeah that’ll be the focus around the weekend for the players.
“We’re a little ways out of Johannesburg at the moment so it’ a real chance for us to connect and just get around each other a bit.”
Folau attended a second day of the hearing on Sunday and though a result was not expected to be handed down, that two full days were not been enough to complete the hearing was somewhat of a surprise.
To put the time frame into context, the last Code of Conduct hearing of this kind - a 2014 hearing involving Kurtley Beale - was over in a relatively short six hours.
Rugby AU CEO Raelene Castle gave more evidence on Sunday, having fronted the hearing on Saturday as well, while NSW Rugby CEO Andrew Hore also spoke on the second day.
Folau, Wallabies coach Michael Cheika and Castle all gave evidence on the opening day of the hearing on Saturday before it was confirmed that the hearing would extend into Sunday.
The process isn't likely to be cleanly finalised even when a verdict is made public, with both sides having options for appeals.
Chieika arrived separately to other high-profile officials Castle, Hore and Rugby Union Players' Association (RUPA) CEO Prataal Raj on day one.
The Wallabies coach said last month that he wouldn't be able to select Folau again after this latest controversy and that his post was "disrespectful" in its tone.
"We had a discussion after the last time and made it pretty clear about his right to believe and our support in that, if that’s what he wants, to be part of the team," he said at the time.
"But getting out in that disrespectful manner publicly is not what our team is about.
"When you play in the gold jersey we represent everyone in Australia, everyone.
"Everyone that is out there supporting us, we don't pick and choose."
Folau faces the potential termination of his four-year, multi-million dollar contract after Rugby Australia issued him with a high-level code of conduct breach notice over a controversial social media post that said, "hell awaits drunks, homosexuals, adulterers, liars, fornicators, thieves, atheists and idolators".
The outcome of the hearing could range from Folau being free to return to training and playing with the Waratahs up to termination, with fines or suspensions also options depending on the verdict.
Former solicitor-general Justin Gleeson SC will represent Rugby Australia at the hearing while Adam Casselden SC has been enlisted as Folau's barrister.
There would be recourse for appeal for either side with the most likely path being through an appeals hearing with a new three-person panel.
An appeal would need to be lodged within 72 hours of the verdict being handed down and another hearing would likely not be for another week after that.
Beyond that, appeals could go to the Supreme Court, a process that could take months.