Australia: High-profile strata company Netstrata caught charging excessive fees and taking kickbacks

/ Owner - March 20, 2024

One of the country’s most high-profile strata management firms has been using its wholly owned insurance arm to charge apartment owners insurance brokerage fees as high as three times the typical rate.  The company, Netstrata, has also been taking kickbacks from contractors and suppliers it hires using the strata funds of more than 1,000 buildings, and 35,000 apartments, across NSW.   Read the article…………………………….

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