Watchdog promises report as NetStrata probe continues

On 28 January 2025, Insurance News reported that “Groups including the Owners Corporation Network have called for the urgent release of the report summary.

“Consumers expect transparency and to know that due process has been followed. The NSW government needs to quell the concerns that have been raised by the ABC article,” network CEO Shari Driver said.

“Everyone needs to have certainty and confidence in the management of the strata industry.”

NetStrata, which begin in 1996, is focused on NSW properties and has offices in Sydney and Wollongong.

A NSW Fair Trading spokesperson told insuranceNEWS.com.au the watchdog “will review the report prepared by the independent examiner once provided and will publish a summary report prepared by the independent examiner at the conclusion of the process”.

In addition to the report, Fair Trading continues to investigate complaints about Netstrata’s conduct to determine if any breaches of strata or other legislation has occurred, the government agency says.”

Full Article: https://www.insurancenews.com.au/daily/watchdog-promises-report-as-netstrata-probe-continues