Yep they are listing rules but seriously this smacks of so much arrogance and a "cover your r's" mentality
ASX is entitled immediately to suspend quotation of ISX’s securities or remove ISX from the official list if ISX breaks its agreement but the absolute discretion of ASX is not limited; (v) ISX will comply with the listing rules that are in force from time to time, even if quotation of its securities is deferred, suspended or subject to a trading halt; and (vi) ASX has discretion to take no action in response to a breach of a listing rule.
Is point vi where ASX will argue they do treat everyone the same as they are not bound to take action against a listed company (eg WBC) no matter how bad the breach is. It is a complete mess all of the ASXs own doing
ISX Price at posting:
$1.07 Sentiment: Hold Disclosure: Held