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Lifestyle Communities Limited (ASX:LIC)

ALERT: Price-sensitive ASX Announcement for LIC
Current share price for LIC : $4.730 -0.69 (-12.73%)+
Announcement
Release
21 Aug 2026 10:01AM
Price at Release
$5.420
Full Release
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Summary
On 21 August 2026, Lifestyle Communities Limited announced that the Court of Appeal – Supreme Court of Victoria ruled against their appeal concerning Deferred Management Fees (DMF) related to the resale price of homes. This decision upholds a previous ruling by VCAT from July 2025. Following the initial VCAT ruling, the company had revised its DMF calculation methodology to align with the court's order and the proposed Consumer Legislation Amendment Bill 2026. Lifestyle Communities has already accounted for provisions for DMF repayments in its financial statements and will continue to review the court's decision for further updates.
Key Points
  • Lifestyle Communities Limited received an adverse judgement from the Court of Appeal.
  • The appeal was against VCAT's July 2025 orders regarding Deferred Management Fees.
  • The court upheld VCAT's orders, impacting the calculation of DMFs.
  • Lifestyle Communities revised its business model post-VCAT ruling.
  • DMFs are now based on the purchase price, capped at 20%, consistent with new legislation.
  • Financial provisions were made for DMF repayments to affected homeowners.
  • Further updates from Lifestyle Communities will follow as they analyze the court's decision.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.