Ryman and Summerset unfazed by Victorian regulator targeting fees

Summerset and Ryman have retirement villages in Victoria. (Image: Sarah Curtis)

Thu, 10 Jul 2025

Ryman Healthcare and Summerset Group have shrugged off a ruling against one of their competitors in Australia, saying the decision does not apply to them. At least 80 residents of Lifestyle's retirement community in Wollert, Melbourne, have taken action before the Victorian Civil and Administrative Tribunal (VCAT), believing the firm's use of deferred management fees (DMFs) is unlawful.Lifestyle halted trading on Monday to update the Australian Securities Exchange (ASX) after Justice Ted Woodward's ruling.“While we are pl...

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