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@Yakov said:
Our SM provided his commission paid by insurance company during an AGM, but refused to provide 3 quotations from different providers written reason not provide it. He said that it is not required to do on AGM.I reckon that this is a breach of his contract as it is required according to the Strata Schemes Management Act 2015 clause 166.
Is he is correct?
There is nothing stopping you from obtaining your own insurance quotes. It’s best to approach an insurance broker for this. However, SM companies are a business. The primary objective of any business is to make money. Check your agency agreement also, the base price of your agreement may take into account commissions from insurance, meaning the base price might increase if your SM does not receive a commission.