3c Party - 2022 Buy & Build Strategy, page-248

Regardless whether they should or shouldn't - they won't.

There are many other companies as well doing the same or even worse things and nothing gets done.
ie. Permanent suspension from trading (as the company is not undertaking any "activities") while the company "funds" get whittled away on "corporate costs & rent". Logical thing would be to close down and pay out remaining capital to shareholders.
Or
Purposefully not paying the yearly listing fee and be forcefully removed from the ASX.
Think we all can go on and on about shady stuff companies & directors have done/been doing.

At least here, if you don't like it, you still have the option to sell and move on. No one is forcing you to be here. If you think it's a loss cause, take your loss and go on to bigger and better things. Which is a lot better than a lot out there.