The world-famous London attraction will begin welcoming visitors in the Darling Harbour tourist district of the city next May.
"The latest attraction will reflect the franchise's 200 years of expertise and research, with each figure crafted with both a high level of artistry and accuracy," the company said.
"Most contemporary figures are also produced following sittings with the celebrities themselves, and talks are already well advanced with a number of Australian icons."
The first Australian to be waxed will be "Home and Away" soap opera actor Ray Meagher, who has played Alf Stewart in the popular series since 1988. Politicians and sports stars are also expected to feature.
There are already branches of the museum in cities across the globe, including Hong Kong, Las Vegas, New York, Amsterdam and Bangkok. (AFP)
