#18593
Jimmy-T
Keymaster

    Funnily enough, I’m at the Strata Community Australia (strata managers’) National Conference and the question of insurance commissions was raised on a panel of industry heavyweights.  One speaker said many small strata managers will go to the wall if commissions are removed but others felt it was inevitable that they will be banned and they should just start getting used to the idea.

    One company already pays the insurance commission back into the Owners Corp bank account but charges higher fees to compensate for the income loss – net financial difference zero but a big plus for transparency

    For now, perhaps we should be looking at what you are getting for your money rather than who gets what slice of it.  Competitive quotes are more important than anything else.

    The opinions offered in these Forum posts and replies are not intended to be taken as legal advice. Readers with serious issues should consult experienced strata lawyers.