Commissions for strata managers should be banned ‘sooner rather than later’, NSW productivity commissioner says

Apartment owners hire a strata manager, often from a private company, who receives a fee for managing the affairs of the owners’ corporation. The strata manager may also receive commissions for securing insurance and other contracts, a practice the NSW productivity commissioner says should be banned. Photograph: ImagePatch/Getty Images

The New South Wales productivity commissioner wants exorbitant commissions for strata managers banned “sooner rather than later”, with apartments expected to make up half of all Sydney homes by 2041.

The NSW government is yet to commit to implementing the recommendations contained in Peter Achterstraat’s report. He has advised outlawing commissions on insurance premiums and other services.