The Minister for Fair Trading, Anoulack Chanthivong, orders an urgent review of the NSW Strata and Property Services Commissioner's $780,000 stake in a major real estate group.
John Minns said publicly he had sold his interest in Independent Property Group in 2021.The NSW Strata and Property Services Commissioner — responsible for overseeing strata governance and assisting in the regulation of the state's property sector — has failed to publicly disclose more than 500,000 shares in a major real estate and strata services company.
Four Corners discovered that three weeks ago, after Mr Minns was first invited to give an interview to the program, Independent Property Group circulated a notice of an extraordinary general meeting which set out a company plan to buy back Mr Minns's remaining shares. Solicitor Stephen Goddard said, in his opinion, Mr Minns's failure to publicly disclose the shareholding was "a self-evident conflict".— that he had sold his interest in the company in mid-2021 — was mirrored by a formal pecuniary declaration to the government."The agreement was that I no longer had an interest in the business beyond what hadn't been paid out .
Anoulack Chanthivong, the Minister for Fair Trading, said: "All NSW public sector employees are required by law to abide by the NSW Code of Ethics and Conduct for government sector employees which sets out the rules for conflict-of-interest disclosures." Since then, the ABC has seen evidence that Netstrata was, in some cases, charging even more — as much as 110 per cent of the cost of the premium.as the state president of the industry peak body, the Strata Community Association , after he admitted the conduct of his firm, identified by the ABC, "made me feel really awkward".
Four Corners 4 Corners Strata John Minns Nsw Strata And Property Commissioner
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