• VCAT orders issued on deferred management fees (DMF) and services for deceased estates
• Lifestyle Communities to appeal decision on DMF clause enforceability
• Interim stay granted, allowing Lifestyle Communities to continue charging DMF
• FY25 full year results to be released on 21 August 2025

Lifestyle Communities Ltd (ASX: LIC) has received orders from the Victorian Civil and Administrative Tribunal (VCAT) following the recent VCAT proceedings. The orders provide that the Residential Tenancies Act 1997 (Vic) does not prohibit a deferred management fee (DMF), but that the DMF clause in Lifestyle Communities' standard Residential Site Agreement (RSA) is void and unenforceable as the DMF cannot be calculated as a precise amount at the time of entering into the RSA. The orders also state that Lifestyle Communities will no longer charge fees for services provided to deceased estates. Lifestyle Communities intends to appeal the decision with respect to the enforceability of the DMF clause in the RSA. The company has until 5 September 2025 to prepare and lodge its appeal. An interim stay has been granted, which means the orders in relation to the DMF clause do not come into effect while the stay is in place. This allows Lifestyle Communities to continue charging the DMF, with the funds to be quarantined until the appeal is determined. A hearing date has been set for 27 August 2025 to hear submissions on a longer-term stay requested by Lifestyle Communities.Separately, Lifestyle Communities has advised that it will release its 30 June 2025 full year financial results to the Australian Securities Exchange on the morning of Thursday, 21 August 2025. An investor/analyst conference call is scheduled to be held at 10.00am (AEST) on the same day following the release of the results.