Uhh... maybe I spoke too soon. Perhaps this won't come out of suspension and will go to VA at some point.
It's been suspended by the ASX for rule 17.3. It doesn't a say which violation of 17.3 has caused the suspension, but the VH is not going to VA. It's not going to TH. It's suspended. Looks not good.
EDIT: Were I to guess then I would say it's likely the lack of Australian directors. Making all these director level rules on VH but missing the local directors is the issue. My guess, anyways. It could be another rules violation but that one seems most likely from what we know.