‘Dog’s breakfast’: Strata overhaul splits flat owners and industry
Victoria's new strata overhaul has sparked controversy among apartment owners and the corporate management industry. While owners criticize the changes as inadequate, corporate managers welcome the decision to delay a ban on insurance commissions. The government has introduced legislation to implement some recommendations from an expert review, but many key proposals remain unaddressed.
- ▪Apartment owner advocates have criticized the government's strata overhaul as insulting to their intelligence.
- ▪Corporate strata management firms have praised the government's decision to pause a ban on insurance commissions.
- ▪The government has introduced legislation to provide unit owners with a standardized right to a payment plan for owners' corporation fees.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.