Corporations Act 2001
Definition
The primary Australian legislation governing short selling. Key sections include s1020B (prohibiting naked short selling), s1020AB (short sale transaction reporting to ASX), and s1020AC (net short position reporting to ASIC). It establishes the legal framework for covered short selling and disclosure obligations.
Related Terms
ASIC
The Australian Securities and Investments Commission - Australia's corporate regulator. ASIC collects and publishes aggregated short position reports from market participants.
Regulatory Guide 196
ASIC Regulatory Guide 196 (RG 196) provides guidance on short selling disclosure and reporting obligations in Australia. It outlines the 0.01% or $100,000 reporting threshold, T+4 publication delay, and the distinction between covered and naked short selling under the Corporations Act 2001.
Net Short Position
The overall short exposure calculated by netting long positions against short positions in the same security. Australia uses net short position reporting under ASIC Regulatory Guide 196, meaning only the net directional exposure is reported, not the gross short position.
See short selling in action
Explore real-time ASIC short position data for ASX stocks.