Investigation concerns more than 1,000 strata insurance policies and requests ASIC examine potential breaches of the Corporations Act The Australian Consumers Insurance Lobby (ACIL) and the Owners Corporation Network (OCN) have requested that the Australian Securities and Investments Commission (ASIC) investigate what may represent one of the largest matters ever referred to the regulator concerning the conduct of an Australian insurance broker. The referral asks ASIC to investigate the...

The Australian Consumers Insurance Lobby (ACIL), Owners Corporation Network (OCN) and the Unit Owners Association of Queensland (UOAQ) say the draft NIBA Code of Practice demonstrates that meaningful reform of the strata insurance sector will not come through industry self-regulation. Following years of engagement, detailed submissions and participation in NIBA's independent Code review, the three organisations say the incremental improvements to the draft Code fail to address the structural...

The Australian Consumers Insurance Lobby (ACIL), together with the Owners Corporation Network (OCN), is proud to announce that the Strata Insurance Commission Reform Project was named a finalist in the Consumers Federation of Australia Consumer Advocacy Awards 2026. A recording of the nomination presentation is available on ACIL's YouTube channel: https://youtu.be/ABPMsEvbJz0 The nomination recognises several years of collaborative consumer advocacy aimed at improving transparency,...