ASIC Corporations (Short Term Trading Market) Instrument 2021/218
made under paragraph 926A(2)(a) of the Corporations Act 2001.
Compilation No. 1
Compilation date: 27 March 2026
Includes amendments up to: F2026L00277
About this compilation
This compilation
This is a compilation of the ASIC Corporations (Short Term Trading Market) Instrument 2021/218 that shows the text of the law as amended and in force on 27/03/2026 (the compilation date).
The notes at the end of this compilation (the endnotes) include information about amending laws and the amendment history of provisions of the compiled law.
Uncommenced amendments
The effect of uncommenced amendments is not shown in the text of the compiled law. The details of amendments made up to, but not commenced at, the compilation date are underlined in the endnotes. Any uncommenced amendments affecting the law are accessible on the Register (www.legislation.gov.au).
Application, saving and transitional provisions
If the operation of a provision or amendment of the compiled law is affected by an application, saving or transitional provision that is not included in this compilation, details are included in the endnotes.
Modifications
If the compiled law is modified by another law, the compiled law operates as modified but the modification does not amend the text of the law. Accordingly, this compilation does not show the text of the compiled law as modified. Any modifications affecting the law are accessible on the Register.
Self‑repealing provisions
If a provision of the compiled law has been repealed in accordance with a provision of the law, details are included in the endnotes.
Contents
Part 1—Preliminary
1 Name of legislative instrument
3 Authority
4 Definitions
Part 2—Exemption
5 Exemption from the requirement for AEMO to hold an AFS licence
6 Exemption from the requirement for Trading Participants of AEMO to hold an AFS licence
Part 3—Repeal......................................................6
7 Repeal..............................................................6
Endnotes
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
Part 1—Preliminary
1 Name of legislative instrument
This is the ASIC Corporations (Short Term Trading Market) Instrument 2021/218.
3 Authority
This instrument is made under paragraph 926A(2)(a) of the Corporations Act 2001.
4 Definitions
In this instrument:
Act means the Corporations Act 2001.
AEMO means Australian Energy Market Operator Limited ACN 072 010 327.
ex ante rights means the rights and obligations created when AEMO issues or determines an ex ante market schedule or when a schedule is required to be used or taken as an ex ante market schedule in accordance with Subdivision 2 or 6 of Division 7 of Part 20 of the National Gas Rules as in force at the date of this instrument .
National Gas Rules has the meaning given in the National Gas (South Australia) Law (as in force at the date of this instrument) set out in the Schedule to the National Gas (South Australia) Act 2008 of South Australia.
Trading Participant has the meaning given by rule 364 of the National Gas Rules as in force at the date of this instrument.
Part 2—Exemption
5 Exemption from the requirement for AEMO to hold an AFS licence
AEMO does not have to comply with subsection 911A(1) of the Act for the provision of the following financial services to a Trading Participant that is a wholesale client:
(a) providing general advice in relation to ex ante rights;
(b) dealing in ex ante rights by issuing them;
(c) making a market in ex ante rights.
6 Exemption from the requirement for Trading Participants of AEMO to hold an AFS licence
A Trading Participant does not have to comply with subsection 911A(1) of the Act for dealing in ex ante rights on its own behalf by issuing the ex ante rights where the ex ante rights are also issued by AEMO to the Trading Participant as a wholesale client of AEMO.
Part 3—Repeal
7 Repeal
This instrument is repealed at the start of 1 April 2031.
Endnotes
Endnote 1—About the endnotes
The endnotes provide information about this compilation and the compiled law.
The following endnotes are included in every compilation:
Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history
Abbreviation key—Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.
Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.
The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.
The amendment history in endnote 4 provides information about amendments at the provision (generally section or equivalent) level. It also includes information about any provision of the compiled law that has been repealed in accordance with a provision of the law.
Misdescribed amendments
A misdescribed amendment is an amendment that does not accurately describe how an amendment is to be made. If, despite the misdescription, the amendment can be given effect as intended, then the misdescribed amendment can be incorporated through an editorial change made under section 15V of the Legislation Act 2003.
If a misdescribed amendment cannot be given effect as intended, the amendment is not incorporated and “(md not incorp)” is added to the amendment history.
Endnote 2—Abbreviation key
ad = added or inserted | orig = original |
am = amended | p = page(s) |
amdt = amendment | para = paragraph(s)/subparagraph(s) |
C[x] = Compilation No. x | /sub‑subparagraph(s) |
ch = Chapter(s) | pres = present |
cl = clause(s) | prev = previous |
cont. = continued | (prev…) = previously |
def = definition(s) | pt = Part(s) |
Dict = Dictionary | r = regulation(s)/Court rule(s) |
disallowed = disallowed by Parliament | reloc = relocated |
div = Division(s) | renum = renumbered |
exp = expires/expired or ceases/ceased to have | rep = repealed |
effect | rs = repealed and substituted |
gaz = gazette | s = section(s)/subsection(s) |
LA = Legislation Act 2003 | /rule(s)/subrule(s)/order(s)/suborder(s) |
LIA = Legislative Instruments Act 2003 | sch = Schedule(s) |
(md not incorp) = misdescribed amendment | SLI = Select Legislative Instrument |
cannot be given effect | SR = Statutory Rules |
mod = modified/modification | sub ch = Sub‑Chapter(s) |
No. = Number(s) | sub div = Subdivision(s) |
Ord = Ordinance | sub pt = Subpart(s) |
| underlining = whole or part not |
| commenced or to be commenced |
Endnote 3—Legislation history
Name | Registration | Commencement | Application, saving and transitional provisions |
ASIC Corporations (Short Term Trading Market) Instrument 2021/218 | 25 March 2021 (F2021L00341) | 01 April 2021 |
|
ASIC Corporations (Amendment) Instrument 2026/159 | 26 March 2026 (F2026L00277) | 27 March 2026
|
|
Endnote 4—Amendment history
Provision affected | How affected |
Section 2
| rep S48D LA
|
Section 7
| am F2026L00277 |