"The S&P/ASX 200 VIX will be an end-of-day index that reflects investor sentiment about the expected volatility in the Australian benchmark equity index, the S&P/ASX 200." The exchange will start disseminating the index (ticker XVI) on Sep 23, 2010. The index follows the same methodology as the VIX.
Exchange page on the index here, including historical data for the new index . Press release here.
P.S. Bloomberg symbol for S&P/ASX 200 VIX is SPAVIX.