The NSW Productivity and Equality Commission is seeking feedback in response to its issues paper for the Strata Commissions Review.
What’s this about?
The NSW Productivity Commissioner has been requested by the Minister for Better Regulation and Fair Trading to review the market impacts of prohibiting strata managing agents from accepting commissions and other conflicted remuneration, and to provide an evidence base to support government decision-making.
The Commission has now published an issues paper examining the challenges posed by commissions, and providing preliminary analysis on the effects of three different policy options.
As participants in the strata sector, the Commission wants your feedback on whether the Issues paper has accurately described the problem, has identified appropriate options, and understood what the impacts of those options would be. This feedback will be used to develop the final report.
The questions cover four main areas:
- How well are commissions and their effects understood?
- Do current requirements on strata managers appropriately manage conflicts of interest?
- Has the issues paper accurately described the likely effects of the options?
- Are there conflicts of interest that are not addressed by the options presented?
By participating, you can help us identify policy changes that could improve the strata system for everyone.
