Lifestyle Communities Ltd (AU:LIC) has released an update.
Lifestyle Communities Ltd has addressed media reports concerning allegations from homeowners in a Melbourne community, emphasizing their commitment to transparency and legal compliance. The company is actively defending against the claims at the Victorian Civil and Administrative Tribunal and stands by its sales processes, which include clear fee disclosures and a generous cooling-off period. They have been in dialogue with both the homeowners and the media to clarify their stance.
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