"Seems to me some folks round here may be over-thinking things. Naked shorting is just plain illegal, and some of that chatter is just fanciful."
http://download.asic.gov.au/media/1241087/rg196-short-selling-20110429-updated-asx200-to-asx300.pdf
Happy reading Nowhere man .
Might wanna view the other topics as well ; http://asic.gov.au/regulatory-resources/markets/short-selling/
All or virtually all shorting was banned in 2008 in the gfc but the market makers kicked up a stink and had the rules changed . There are and have been many twists since that time and many I'm guessing don't play by the rules either . Have a look at the majors shareholders of the asx .
Worth considering how the yanks do it as well as that is plain nasty .
cheers g
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