{"id":"F2026L00200","name":"ASIC Market Integrity Rules (Securities Markets) Determination 2026/166","slug":"asic-market-integrity-rules-securities-markets-determination-2026-166","collection":"legislative_instrument","jurisdiction":"commonwealth","status":"in_force","isInForce":true,"actNumber":null,"makingDate":null,"administeringDepartment":null,"currentVersion":{"id":107754,"registerId":"commonwealth-F2026L00200-current","compilationNumber":null,"startDate":"2026-04-03","status":"InForce","reasons":null,"registeredAt":null},"sections":[{"sectionNumber":"1","sectionType":"section","heading":"ASIC Market Integrity Rules (Securities Markets) Determination 2026/166","content":"![Commonwealth Coat of Arms and ASIC logo](image.001.png)\n\nASIC Market Integrity Rules (Securities Markets) Determination 2026/166\n\nI, Jacqueline Cochrane, delegate of the Australian Securities and Investments Commission, make the following legislative instrument.\n\nDate 4 March 2026\n\nJacqueline Cochrane\n\nContents\n\nPart 1—Preliminary 3\n\n1 Name of legislative instrument....................................3\n\n2 Commencement...............................................3\n\n3 Authority....................................................3\n\n4 Interpretation.................................................3\n\nPart 2—Determination 4\n\n5 Tier 1 Equity Market Products and Tier 2 Equity Market Products........4\n\nSchedule 1—Tier 1 Equity Market Products 5\n\nSchedule 2—Tier 2 Equity Market Products 8\n\nPart 1—Preliminary\n\n1 Name of legislative instrument\n\nThis is the ASIC Market Integrity Rules (Securities Markets) Determination 2026/166.\n\n2 Commencement\n\nThis instrument commences on the later of:\n\n  (a) 8 April 2026; and\n  (b) 20 business days following the day this instrument is registered on the Federal Register of Legislation.\n\n> Note: The register may be accessed at www.legislation.gov.au.\n\n3 Authority\n\nThis instrument is made under subrule 6.2.1(4) of the ASIC Market Integrity Rules (Securities Markets) 2017 (Rules).\n\n4 Interpretation\n\n(1) In this instrument, unless the contrary intention appears, capitalised terms have the same meaning as in the Rules.\n\n(2) In this instrument, stock code, in relation to an Equity Market Product, means the unique symbol assigned to the Equity Market Product under Rule 9.2.3 of the Rules.\n\nPart 2—Determination\n\n5 Tier 1 Equity Market Products and Tier 2 Equity Market Products\n\n(1) Each Equity Market Product whose stock code is set out in the table in Schedule 1 to this instrument is a Tier 1 Equity Market Product.\n\n(2) Each Equity Market Product whose stock code is set out in the table in Schedule 2 to this instrument is a Tier 2 Equity Market Product.\n\nSchedule 1—Tier 1 Equity Market Products\n\nTier 1 Equity Market Products\n\n| Item | Stock code | Issuer                               |\n| ---- | ---------- | ------------------------------------ |\n| 1    | 360        | LIFE360 INC                          |\n| 2    | ALL        | ARISTOCRAT LEISURE LIMITED           |\n| 3    | AMC        | AMCOR PLC                            |\n| 4    | ANZ        | ANZ GROUP HOLDINGS LIMITED           |\n| 5    | BHP        | BHP GROUP LIMITED                    |\n| 6    | BSL        | BLUESCOPE STEEL LIMITED              |\n| 7    | BXB        | BRAMBLES LIMITED                     |\n| 8    | CAR        | CAR GROUP LIMITED                    |\n| 9    | CBA        | COMMONWEALTH BANK OF AUSTRALIA       |\n| 10   | COH        | COCHLEAR LIMITED                     |\n| 11   | COL        | COLES GROUP LIMITED                  |\n| 12   | CPU        | COMPUTERSHARE LIMITED                |\n| 13   | CSL        | CSL LIMITED                          |\n| 14   | DRO        | DRONESHIELD LIMITED                  |\n| 15   | EVN        | EVOLUTION MINING LIMITED             |\n| 16   | FMG        | FORTESCUE LTD                        |\n| 17   | GMD        | GENESIS MINERALS LIMITED             |\n| 18   | GMG        | GOODMAN GROUP                        |\n| 19   | IAG        | INSURANCE AUSTRALIA GROUP LIMITED    |\n| 20   | JBH        | JB HI-FI LIMITED                     |\n| 21   | JHX        | JAMES HARDIE INDUSTRIES PLC          |\n| 22   | LNW        | LIGHT & WONDER INC. CDI              |\n| 23   | LTR        | LIONTOWN LIMITED                     |\n| 24   | LYC        | LYNAS RARE EARTHS LIMITED            |\n| 25   | MIN        | MINERAL RESOURCES LIMITED            |\n| 26   | MQG        | MACQUARIE GROUP LIMITED              |\n| 27   | NAB        | NATIONAL AUSTRALIA BANK LIMITED      |\n| 28   | NEM        | NEWMONT CORPORATION                  |\n| 29   | NST        | NORTHERN STAR RESOURCES LTD          |\n| 30   | ORG        | ORIGIN ENERGY LIMITED                |\n| 31   | ORI        | ORICA LIMITED                        |\n| 32   | PDN        | PALADIN ENERGY LTD                   |\n| 33   | PLS        | PLS GROUP LIMITED                    |\n| 34   | PME        | PRO MEDICUS LIMITED                  |\n| 35   | QAN        | QANTAS AIRWAYS LIMITED               |\n| 36   | QBE        | QBE INSURANCE GROUP LIMITED          |\n| 37   | REA        | REA GROUP LTD                        |\n| 38   | RIO        | RIO TINTO LIMITED                    |\n| 39   | RMD        | RESMED INC.                          |\n| 40   | RMS        | RAMELIUS RESOURCES LIMITED           |\n| 41   | S32        | SOUTH32 LIMITED                      |\n| 42   | SCG        | SCENTRE GROUP                        |\n| 43   | SGP        | STOCKLAND                            |\n| 44   | SHL        | SONIC HEALTHCARE LIMITED             |\n| 45   | SIG        | SIGMA HEALTHCARE LIMITED             |\n| 46   | STO        | SANTOS LIMITED                       |\n| 47   | SUN        | SUNCORP GROUP LIMITED                |\n| 48   | TCL        | TRANSURBAN GROUP                     |\n| 49   | TLS        | TELSTRA GROUP LIMITED                |\n| 50   | TNE        | TECHNOLOGY ONE LIMITED               |\n| 51   | TWE        | TREASURY WINE ESTATES LIMITED        |\n| 52   | VAS        | VANGUARD AUSTRALIAN SHARES INDEX ETF |\n| 53   | WAF        | WEST AFRICAN RESOURCES LIMITED       |\n| 54   | WBC        | WESTPAC BANKING CORPORATION          |\n| 55   | WDS        | WOODSIDE ENERGY GROUP LTD            |\n| 56   | WES        | WESFARMERS LIMITED                   |\n| 57   | WHC        | WHITEHAVEN COAL LIMITED              |\n| 58   | WOW        | WOOLWORTHS GROUP LIMITED             |\n| 59   | WTC        | WISETECH GLOBAL LIMITED              |\n| 60   | XRO        | XERO LIMITED                         |\n| 61   | ZIP        | ZIP CO LIMITED                       |\n\n  \n\nSchedule 2—Tier 2 Equity Market Products\n\nTier 2 Equity Market Products  \n\n| Item | Stock code | Issuer                                         |\n| ---- | ---------- | ---------------------------------------------- |\n| 1    | 4DX        | 4DMEDICAL LIMITED                              |\n| 2    | A200       | BETASHARES AUSTRALIA 200 ETF                   |\n| 3    | AAA        | BETASHARES AUSTRALIAN HIGH INTEREST CASH ETF   |\n| 4    | AAI        | ALCOA CORPORATION                              |\n| 5    | AGL        | AGL ENERGY LIMITED.                            |\n| 6    | ALD        | AMPOL LIMITED                                  |\n| 7    | ALQ        | ALS LIMITED                                    |\n| 8    | APA        | APA GROUP                                      |\n| 9    | APE        | EAGERS AUTOMOTIVE LIMITED                      |\n| 10   | ASX        | ASX LIMITED                                    |\n| 11   | AZJ        | AURIZON HOLDINGS LIMITED                       |\n| 12   | BGL        | BELLEVUE GOLD LIMITED                          |\n| 13   | CHC        | CHARTER HALL GROUP                             |\n| 14   | CMM        | CAPRICORN METALS LTD                           |\n| 15   | CSC        | CAPSTONE COPPER CORP                           |\n| 16   | CWY        | CLEANAWAY WASTE MANAGEMENT LIMITED             |\n| 17   | DXS        | DEXUS                                          |\n| 18   | EOS        | ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED         |\n| 19   | FLT        | FLIGHT CENTRE TRAVEL GROUP LIMITED             |\n| 20   | FPH        | FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED |\n| 21   | GGP        | GREATLAND RESOURCES LIMITED                    |\n| 22   | GOLD       | GLOBAL X PHYSICAL GOLD STRUCTURED              |\n| 23   | GPT        | GPT GROUP                                      |\n| 24   | HUB        | HUB24 LIMITED                                  |\n| 25   | IGO        | IGO LIMITED                                    |\n| 26   | ILU        | ILUKA RESOURCES LIMITED                        |\n| 27   | IVV        | ISHARES S&P 500 ETF                            |\n| 28   | MGR        | MIRVAC GROUP                                   |\n| 29   | MPL        | MEDIBANK PRIVATE LIMITED                       |\n| 30   | NSR        | NATIONAL STORAGE REIT                          |\n| 31   | NWL        | NETWEALTH GROUP LIMITED                        |\n| 32   | NXT        | NEXTDC LIMITED                                 |\n| 33   | PRU        | PERSEUS MINING LIMITED                         |\n| 34   | QUB        | QUBE HOLDINGS LIMITED                          |\n| 35   | RHC        | RAMSAY HEALTH CARE LIMITED                     |\n| 36   | RRL        | REGIS RESOURCES LIMITED                        |\n| 37   | SDF        | STEADFAST GROUP LIMITED                        |\n| 38   | SEK        | SEEK LIMITED                                   |\n| 39   | SFR        | SANDFIRE RESOURCES LIMITED                     |\n| 40   | SGH        | SGH LIMITED                                    |\n| 41   | SOL        | WASHINGTON H SOUL PATTINSON & COMPANY LIMITED  |\n| 42   | TLC        | THE LOTTERY CORPORATION LIMITED                |\n| 43   | TLX        | TELIX PHARMACEUTICALS LIMITED                  |\n| 44   | VAU        | VAULT MINERALS LIMITED                         |\n| 45   | VCX        | VICINITY CENTRES                               |\n| 46   | VGS        | VANGUARD MSCI INDEX INTERNATIONAL SHARES ETF   |\n| 47   | WGX        | WESTGOLD RESOURCES LIMITED                     |\n| 48   | WOR        | WORLEY LIMITED                                 |\n| 49   | XYZ        | BLOCK INC                                      |","sortOrder":0}],"analysis":{"flash_summary_failed":{"failed":true,"reason":"Unauthenticated. Configure AI_GATEWAY_API_KEY or use a provider module. Learn more: https://ai-sdk.dev/unauthenticated-ai-gateway","source":"analysis-cron"},"flash_summary":{"complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument does not alter the substantive scope of the ASIC Market Integrity Rules. It simply classifies specified Equity Market Products as Tier 1 or Tier 2 by stock code (s5, Schedules 1–2) and sets commencement timing (s2). Any change in obligations flows from the Rules themselves, not from this determinative listing."},"complexity_factors":["Simple mechanical function: only assigns tier status by listing stock codes (s5(1)–(2); Schedules 1–2).","Cross-references to substantive Rules create external dependence: made under subrule 6.2.1(4) of the Rules (s3) so legal effect depends on the Rules' tiered obligations.","Definition linkage for stock code relies on Rule 9.2.3 (s4(2)), so interpretation requires consulting the Rules.","Large, fixed lists: 61 Tier 1 items and 49 Tier 2 items (Schedules 1–2) increase administrative/maintenance burden if market listings change.","Commencement mechanics add timing complexity: instrument commences on the later of a date or 20 business days after registration (s2).","Low internal discretion: instrument is declaratory (lists) rather than rulemaking; practical complexity arises in downstream compliance rather than legal drafting."],"plain_english_summary":"This instrument lists specific Equity Market Products and assigns each to either Tier 1 or Tier 2 by stock code (Schedules 1–2) and starts on 8 April 2026 or 20 business days after registration (s2, s5). Made under the ASIC Market Integrity Rules (s3), the designation determines which tiered obligations in those Rules apply to the listed issuers and market participants; affected parties must consult the Rules to see the different compliance requirements (s4(1)–s4(2))."},"kimi_summary":{"content_quality":"ok","complexity_score":2,"scope_assessment":{"changed":false,"description":"This instrument performs exactly the function intended by its enabling provision (subrule 6.2.1(4) of the Market Integrity Rules)—to specify which equity market products fall into Tier 1 and Tier 2. It has not expanded beyond this narrow technical purpose."},"complexity_factors":["Very short instrument (approximately 1,500 words)","Only 4 defined concepts: relies heavily on external definitions from parent Rules","Simple structure: preliminary provisions, one operative section, two schedules of tabular data","No conditional logic, exceptions, or cross-referencing beyond basic incorporation by reference","Purely administrative/declaratory function—no substantive regulatory requirements imposed directly"],"plain_english_summary":"This instrument is an ASIC list assigning specified Australian shares to Tier 1 or Tier 2 Equity Market Products. The classification determines which Market Integrity Rules apply—Tier 1 carries stricter obligations—so it tells exchanges, brokers, traders and listed companies which trading/compliance regime governs each stock; it updates which stock codes populate each tier under the existing rules."}},"importantCases":[],"_links":{"self":"/api/acts/asic-market-integrity-rules-securities-markets-determination-2026-166","history":"/api/acts/asic-market-integrity-rules-securities-markets-determination-2026-166/history","analysis":"/api/acts/asic-market-integrity-rules-securities-markets-determination-2026-166/analysis","conflicts":"/api/acts/asic-market-integrity-rules-securities-markets-determination-2026-166/conflicts","importantCases":"/api/acts/asic-market-integrity-rules-securities-markets-determination-2026-166/important-cases","documents":"/api/acts/asic-market-integrity-rules-securities-markets-determination-2026-166/documents"}}