Consumer advocacy groups are calling on the New South Wales government to proceed with its proposed ban on strata insurance commissions, arguing the reform is essential to addressing conflicts of interest and restoring trust in the sector.
The Owners Corporation Network (OCN) and the Australian Consumers Insurance Lobby Inc (ACIL) have jointly urged policymakers not to abandon the reform, despite growing resistance from within the strata management industry.
The pushback follows warnings that the changes could destabilise an already financially constrained sector.
Read article: https://www.insurancebusinessmag.com/au/news/property/strata-commission-ban-sparks-clash-between-advocates-and-industry-531269.aspx
Related content: https://ocn.org.au/accc-hands-final-insurance-affordability-report-to-government/
