NSW Productivity Commissioner Calls for Ban on Strata Manager Commissions

Editorial Analysis

Based on 1 source, 1 article

The NSW Productivity Commissioner has recommended that commissions for strata managers be banned in New South Wales, Australia. The commissioner argues that the current system, where strata managers receive commissions, creates potential conflicts of interest and reduces transparency for property owners. Banning commissions is seen as a way to ensure that strata managers are acting in the best interests of the owners they represent, rather than being incentivized by commission payments. The recommendation is expected to be considered by the NSW government.