Reply To: Conflict of interest – fire safety inspections

We are very lucky that our strata management company seems to be above-board.  Yes they get commissions from insurance companies but they pass those back to us.  But it doesn’t seem to have occurred to them that the Fire Safety company they have engaged to deliver this bulk deal has an inbuilt conflict-of-interest.  And the “compliance” team at the strata company seems to be a box-ticking function, not considering governance and other strategic issues.

I wonder what would happen if they went to tender for a Fire Safety company to do the checks-only with no follow-up work.  No takers I expect.