The actual act states that they must ordinarily reside in...

The actual act states that they must ordinarily reside in Australia. Here's an excerpt from a legal site on the definition of this:

http://www.mcmahonclarke.com/articles/are-you-ordinary-resident/

ORDINARY RESIDENCE
The term 'ordinarily reside' is not defined in the Act and ASIC has not provided any guidance on what criteria must be fulfilled for a director to satisfy this requirement.
While the concept of 'ordinary residence' has been considered in numerous cases, it has not been considered in many cases relating to the Corporations Act requirement. Where this requirement has been considered, the director's failure to reside in Australia was relatively obvious (e.g., having an American address for service) and the court has not been required to delve any deeper into the issue of residency requirements.
Ordinary residence has mostly been considered by the court for the purpose of revenue laws and bankruptcy. Accordingly, it is useful to consider these laws when attempting to establish what a director may need to demonstrate when attempting to establish Australian residency.


I still think you're focusing on a relative non-issue. It's another one of those toothless tiger rules that ASX is powerless to enforce without great cost.