[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-335877-105":3,"detail-sidebar-cat-1-en-105":81,"doc-detail-335877-en":127},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","remuneration-of-strata-insurance-intermediaries-invoice-templates","Remuneration of Strata Insurance Intermediaries - Invoice Templates","","This document outlines the professional framework and proposed reforms regarding the remuneration of strata insurance intermediaries. It highlights the financial chain in strata insurance, specifically addressing conflicts of interest inherent in current commission rebate and broker fee systems. The publication, authored by John Trowbridge, advocates for a three-stage phase-out process to eliminate these conflicts, moving toward structural realignment and increased transparency. Additionally, it provides practical examples of itemized insurance invoice templates—contrasting the JT Version and the SCA Version—designed to help stakeholders identify and understand the breakdown of base premiums, government charges, and intermediary fees. The content serves as a guide for strata managers and clients to improve disclosure and ensure fair business practices in the insurance sector.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/invoices/","Invoices",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/remuneration-of-strata-insurance-intermediaries-invoice-templates/335877/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/remuneration-of-strata-insurance-intermediaries-invoice-templates/335877.png","ImageObject",442,249,{"name":42,"@type":43},"Mary Man","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-16","2026-09-21",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",6,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"What are the two primary conflicts of interest identified in the document?","Question",{"text":63,"@type":64},"The document identifies commission rebates from brokers to Strata Managers (SMs) and broker fees that are additional to commissions as the two main unmanageable conflicts of interest.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What is the recommended approach to resolving these conflicts?",{"text":68,"@type":64},"The author recommends phasing out the commission rebate and broker fee system entirely, following a three-stage plan that includes implementing transparent disclosure, consolidating those disclosures, and finally transitioning through structural realignment.",{"name":70,"@type":61,"acceptedAnswer":71},"What information is displayed in the provided invoice templates?",{"text":72,"@type":64},"The templates detail itemized insurance costs including base premiums, government charges like ESL/FSL and GST, stamp duty, and intermediary costs such as broker fees and underwriting agency fees.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},335877,1790507103,{"code":4,"msg":82,"data":83},"success",[84,89,94,98,103,108,113,118,123],{"id":85,"doc_module":22,"doc_module_name":25,"category_name":86,"show_sort_weight":87,"slug":88},11,"Presentations",90,"presentations",{"id":90,"doc_module":22,"doc_module_name":25,"category_name":91,"show_sort_weight":92,"slug":93},12,"Resumes",80,"resumes",{"id":95,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":96,"slug":97},14,70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":115,"show_sort_weight":116,"slug":117},18,"Letters",30,"letters",{"id":119,"doc_module":22,"doc_module_name":25,"category_name":120,"show_sort_weight":121,"slug":122},21,"Paper Templates",5,"papers-templates",{"id":124,"doc_module":22,"doc_module_name":25,"category_name":125,"show_sort_weight":4,"slug":126},158,"General","general-158",{"code":4,"msg":82,"data":128},{"doc_id":79,"user_id":129,"nickname":42,"user_avatar":130,"doc_module":22,"category_id":95,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":55,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":136,"language":137,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":12,"update_tm":141,"read_time":30},7421720224475,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","NATIONAL  \nRemuneration of Strata Insurance Intermediaries  \nWith John Trowbridge  \n[www.johntrowbridge.com.au](www.johntrowbridge.com.au)  \n20 June 2024  \nWWW. LOOKUPSTRATA.COM.AU  \nStrata Insurance: The financial chain  \n2  \n3  \nInsurance invoice templates – what do you see?  \nSection 1 – insurance costs  \nInsurance invoice templates – what do you see?  \nSection 2 – intermediary remuneration  \n4  \nThere are two unmanageable conflicts of interest within the mainstream SM and  \nbroker remuneration arrangements-  \nCommission rebates from brokers to SMs  \nBroker fees that are additional to commissions  \nHow do they work?  \nThe SM agrees with the broker on a share of commission to be rebated to the SM  \nThe broker agrees with the SM on a broker fee that is additional to the commission.  \nTogether they comprise the commission rebate/broker fee system  \nthe broker agrees with the SM on a broker fee that is additional to the commission. Together they comprise the commission rebate/broker fee system.  \n5  \nConflicts of interest and the commission rebate/broker fee system  \nThe commission rebate/broker fee system should be phased out to eliminate the primary  \nconflicts of interest  \nStage 1: introducing transparent disclosure ( under way)  \nStage 2: consolidating disclosure and preparing to phase out the system ( 2023 to 2024)  \nStage 3: phasing out the system via structural realignment – the transition ( from 2024)  \n6  \nIt’s time to phase out the commission rebate/broker fee system  \n7  \nSTRATA INSURANCE DISCLOSURE HANDBOOK – pp 11 & 12  \nAsk your SM: Strata insurance business arrangements  \n8  \nInsurance invoice template – ask your SM","cbCaigjBgWxYjEMv","https://ap.wps.com/l/cbCaigjBgWxYjEMv","pdf",3463948,8,"English","# Insurance Invoice Templates Analysis\n## JT Version vs SCA Version\n## Itemized Insurance Costs\n# Conflicts of Interest in Remuneration\n## Commission Rebates\n## Broker Fees\n# Reform Strategy\n## Phasing Out the System\n## Structural Realignment","[{\"question\":\"What are the two primary conflicts of interest identified in the document?\",\"answer\":\"The document identifies commission rebates from brokers to Strata Managers (SMs) and broker fees that are additional to commissions as the two main unmanageable conflicts of interest.\"},{\"question\":\"What is the recommended approach to resolving these conflicts?\",\"answer\":\"The author recommends phasing out the commission rebate and broker fee system entirely, following a three-stage plan that includes implementing transparent disclosure, consolidating those disclosures, and finally transitioning through structural realignment.\"},{\"question\":\"What information is displayed in the provided invoice templates?\",\"answer\":\"The templates detail itemized insurance costs including base premiums, government charges like ESL/FSL and GST, stamp duty, and intermediary costs such as broker fees and underwriting agency fees.\"}]","Remuneration of Strata Insurance Intermediaries - Invoice Templates | PDF",1790012671]