Questions are being asked about restructuring the property management industry, following widespread concerns about lack of regulation.
Thomas Gibbons, a Hamilton lawyer and a specialist in the unit title and body corporate sector, said he helped chair a conference discussing the issues this month.
"Some of the points that arose were what: do we want to regulate?
"Is it primarily the holding of money, for example, requiring a trust account system for body corporates, or is it broader than that?
"Do we want a licensing system? Would good self-regulation be a better start?