Australian carriers call for fee transparency, better land use planning to address strata affordability
November 28 2024 by Joana Nguyen
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Australia financial services minister defends brokers commisions
- October 22
Minister Stephen Jones confirms that broker commissions are safe and they are not the issue at the heart of the recent allegations from the Australian Broadcasting Corporation on hidden fees and secret kickbacks in the strata industry
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New South Wales passes tougher strata law to restore confidence
- September 20
The new law bans managing agents from receiving a commission on insurance products when they don’t play a role in finding the best deal for residents, as it seeks to crack down on agents who do not properly declare conflicts of interests.
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Steadfast refutes ABC’s allegations of kickbacks, misleading customers
- September 10
The Australian broker said that it is "disappointed that important information has been selectively presented” in a recent media report about its practices in strata insurance.
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ACCC chair calls for strata commission ban as media report alleges Steadfast misled clients via opaque schemes
- September 9
The broker's shares on the ASX entered a trading halt pending it releasing an announcement following the allegations by ABC in its investigative report.
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