ACIL pleased to share an important investigation published by the ABC today, which exposes significant conflicts of interest within the strata insurance industry. The Story highlights the concerning findings of a recent ABC investigation into NetStrata, one of Australia’s most prominent strata management firms. The story reveals that NetStrata has quietly uploaded years of past insurance invoices to its clients’ online portals, exposing brokerage fees that far exceed industry norms.
The full story by ABC can be read here, and we encourage all stakeholders to stay informed about these developments as we continue to push for reforms that enhance accountability and transparency.
ACIL remains committed to advocating for the rights of strata owners and pushing for systemic change in the insurance and strata management sectors.
Stay tuned for more updates on this issue as we continue to work towards a fairer future for all property owners.
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