cvn is up!, page-71

As per the ASIC Market Integrity Rules 2010:

http://www.asic.gov.au/asic/ASIC.NSF/byHeadline/Market%20integrity%20rules

Part 5.7 Manipulative trading

5.7.1 False or misleading appearance
A Market Participant must not make a Bid or Offer for, or deal in, any Products:
(a) as Principal:
(i) with the intention; or
(ii) if that Bid, Offer or dealing has the effect, or is likely to have the effect,
of creating a false or misleading appearance of active trading in any Product or with respect to the market for, or the price of, any Product; or
(b) on account of any other person where:
(i) the Market Participant intends to create;
(ii) the Market Participant is aware that the person intends to create; or
(iii) taking into account the circumstances of the Order, a Market Participant ought reasonably suspect that the person has placed the Order with the intention of creating,
a false or misleading appearance of active trading in any Product or with respect to the market for, or the price of, any Product.
Maximum penalty: $1,000,000

5.7.2 Circumstances of Order
In considering the circumstances of the Order, the Market Participant must have regard to the following matters:
ASIC Market Integrity Rules (ASX Market) 2010 Chapter 5: Trading
Page 86
(a) whether the Order or execution of the Order would be inconsistent with the history of or recent trading in that Product;
(b) whether the Order or execution of the Order would materially alter the market for, or the price of, the Product;
(c) the time the Order is entered or any instructions concerning the time of entry of the Order;
(d) whether the person on whose behalf the Order is placed, or another person who the Market Participant knows to be a Related Party of that person, may have an interest in creating a false or misleading appearance of active trading in any Product or with respect to the market for, or the price of, any Product;
(e) whether the Order is accompanied by settlement, delivery or security arrangements which are unusual;
(f) where the Order appears to be part of a series of Orders, whether when put together with other Orders which appear to make up the series, the Order or the series is unusual having regard to the matters referred to in this Rule 5.7.2;
(g) whether there appears to be a legitimate commercial reason for that person placing the Order, unrelated to an intention to create a false or misleading appearance of active trading in or with respect to the market for, or price of, any Product; and
(h) whether the transaction, bid or offer the execution of which is proposed will involve no change of beneficial ownership.
Maximum penalty: $1,000,000

If we could track down the culprit, I would expect ASIC would impose quite a hefty fine.