Jul 12, 2026 – 9.00amTwo insurance brokers have been reported to the Australian Securities and Investments Commission this year for failing to disclose conflicts of interest including profit-sharing arrangements with strata managers, following a review by the industry’s independent watchdog.The Insurance Brokers Code Compliance Committee (IBCCC), the body monitoring and enforcing Australia’s Insurance Brokers Code of Practice, investigated seven insurance brokers who collectively worked with 1088 strata managers representing owners corporations, according its recent report on the sector.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Insurance brokers in apartment sector reported to watchdog
Questions over the disclosure of insurance kickbacks to strata managers have been raised after two insurance brokers were reported to ASIC.
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