Apartment owners have called for regulators to investigate strata management practices.

22 MARCH 2024

The Australian Consumers Insurance Lobby (ACIL), the Owners Corporation Network of Australia (OCN) and the Unit Owners Association of Queensland (UOAQ) have issued a joint call for national and NSW regulators to start a “thorough investigation” into the practices of strata management firm Netstrata and its associated entities following issues identified by the ABC this week.

“The integrity of the strata management and insurance sectors is paramount for the trust and security of millions of Australian consumers,” the groups say to the Australian Securities and Investments Commission (ASIC), Australian Competition and Consumer Commission (ACCC) and the NSW Strata and Property Services Commissioner.

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ACIL, apartment owners call for ‘thorough investigation’