strata insurance

Progress on insurance commissions in NSW

2025-09-15T12:24:11+10:00

The board of SCA (NSW), which has many NSW strata managing agents as members, has resolved to get rid of insurance commissions for SCA member strata managing agents. This is an important first step – but only a first step. Much as we at OCN welcome this news, we are aware that insurance commissions are just one of the sources of conflicted remuneration for agents. So OCN has joined with the [...]

Progress on insurance commissions in NSW2025-09-15T12:24:11+10:00

One strata conference you really need to attend

2025-09-10T18:14:58+10:00

Amid an abundance of strata round tables, conferences and discussion groups, the only major event organised by strata owners for strata owners (and residents) is less than a month away. In what could be the most significant gathering of strata professionals, apartment owners, and industry experts this year, the Owners Corporation Network (OCN) is taking bookings for the highly anticipated “Strata Matters 2025: Smarter Strata” conference scheduled for Friday, October 3, [...]

One strata conference you really need to attend2025-09-10T18:14:58+10:00

Strata group to train managers for commission shift

2025-09-16T12:40:02+10:00

Strata Community Association NSW says the phasing out of insurance commissions from next year will be supported by training, as the shift to alternative arrangements may be challenging for some managers. The commissions, which have subsidised upfront strata management fees, have been opaque and the change aims to provide transparent remuneration for insurance-related work as state regulation increases disclosure requirements. Owners Network Corporation MD for services David Glover has welcomed SCA’s [...]

Strata group to train managers for commission shift2025-09-16T12:40:02+10:00

Review of the NIBA Insurance Brokers Code of Conduct

2025-04-07T16:30:11+10:00

OCN made a submission on the need to strengthen the Code to provide greater consumer protections to those taking out strata insurance.  This insurance product is mandated by states and territories, so it's important that the Code ensures purchasers are not vulnerable to the poor industry practices that have been highlighted in the media over the past 12 months. Read submission:  20250402 - NIBA Code of Conduct Review April 2025 Related [...]

Review of the NIBA Insurance Brokers Code of Conduct2025-04-07T16:30:11+10:00

OCN Welcomes Abolition of Emergency Services Levy on Insurance Policies

2023-11-23T12:11:22+11:00

16 NOVEMBER 2023 The Owners Corporation Network of Australia (OCN) congratulates the NSW Government on its decision to reform the Emergency Services Levy (ESL), announced by Premier Chris Minns today. The tax penalises those who pay insurance amid a cost-of-living crunch and at a time when worsening extreme weather means cover is needed more than ever. NSW insurance customers pay around three times the amount of state taxes than Victorian insurance [...]

OCN Welcomes Abolition of Emergency Services Levy on Insurance Policies2023-11-23T12:11:22+11:00
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