Strata consumer groups expect a defendable government report about Netstrata

The Owners Corporation Network (OCN), the Australian Consumers Insurance Lobby (ACIL), and the Unit Owners Association Queensland (UOAQ) are all deeply concerned to hear that Netstrata may have sought to influence the outcome of the NSW Government’s investigation into alleged malpractice by Netstrata.

In 2024, an enforceable undertaking was entered into by Netstrata with NSW Fair Trading to provide for a review of Netstrata (and their subsidiaries) business processes, practices and systems. However ABC investigations suggest that Netstrata may have used their influence to impact the Government’s investigations.

The consumer groups agreed that the Netstrata allegations (and other strata industry matters) need to be thoroughly investigated but the action needs to be timely and resolve the issues. The groups called on the NSW Government to urgently release the McGrathNicol summary report into Netstrata.

Read media release:> 20250124 – Joint Media Release – Netstrata – NSW government report