AAA has advised its 30,000 members today of its decision to suspend long term sponsor CHU Insurance in relation to the revelations contained within the 4 Corners episode that aired on 9 September.
AAA CEO Samantha Reece stated that while CHU had been a loyal sponsors and she had personally formed many positive relationships with staff, her first priority was to apartment owners.
"In this day and age we owe apartment owners their rights to make empowered decisions about their building and ultimately their home," Ms Reece said.
"Steadfast stated that they revealed the commission to strata managers who were the authorised party to proceed with the insurance premium and not the owners, but this totally contradicts the business relationship whereby Committees instruct Strata Managers as to what actions are to be taken.
"We believe that this media exposure will be a circuit breaker and we are hopeful that internal decisions by Steadfast will correct this situation and the imbalance that was exposed on 4 Corners."
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