Icicles Ski Club is a private club dedicated to providing comfortable economic facilities for skiing and other recreation activities to members and their families. Its history dates back to 1956, being formed by employees of ICI Australia Limited (Now Orica Ltd). It now has no connection with the company.

Icicles Ski Club, a company limited by guarantee, is a non-profit sporting body established to conform with the statutory requirements laid down by the Taxation Department and the Australian Securities Commission. Club affairs are managed by a Board of Directors (commonly known as the Committee).

The Mt Buller and Falls Creek lodge buildings are owned by the Club on land leased from the Alpine Resorts Commission. Icicles Ski Club has a history of developing its lodges in order to meet the changing needs of its members, and to reflect the changing standards of alpine accommodation in general. More than $3 Million has been spent on capital improvements over the last 20 years. The Club has a policy to continue with this strategy of continuous improvement and has recently added another floor to the accommodation wing of the Mt Buller lodge adding more 3 and 2 bed bedrooms to the lodge.

Both lodges provide a ski room, drying room, laundry with washing machine, clothes drier, iron etc., and fully equipped work shop for ski repairs and Club maintenance. All bedrooms have wardrobes, individually controlled heating and are adjacent to bathrooms. The kitchens have gas and electric cook tops, convection and microwave ovens, a range of electrical appliances, ample cooking utensils, automatic dishwashers and refrigerators. All crockery, cutlery etc are supplied as well as basic consumable items such as tea, coffee, sugar, flour, sauces, spices and cleaning products. A "Club supplies" cupboard exists for non-perishable left-overs such as breakfast cereals. Bedrooms are supplied with doona and pillows and bathrooms with toilet paper, bath soap, disinfectant and cleaning agents.

The lodges are non-smoking.