[4.4.0.72 - 4.5.0.16] Unable to create Microsoft 365 Account - Using a live.com.au domain

Same poorly informative error message still received when trying to add a Microsoft 365 account with Sailfish OS Sauna 4.6.0.13.

Could it be that the Microsoft account additions (old ‘Microsoft Exchange’ or new ‘Microsoft 365’) only work when you have a business Microsoft account?

In that case, how should one keep on accessing a private Microsoft email account with Sailfish OS after September 16th, when basic authentication will be abandoned and only OAuth2 authentication will be allowed?