Joint submission to Mandatory Training and Licensing Reforms for property industry professionals
Financial Counselling Victoria (FCVic), Mortgage Stress Victoria (MSV) and Financial Counselling Australia (FCA) have lodged a joint submission to the Victorian Government’s consultation on mandatory training and licensing reforms for property industry professionals. Led by FCVic and endorsed by MSV and FCA, the submission supports stronger education requirements for Owners Corporation managers, including mandatory annual training on financial hardship and vulnerability. It also calls for these reforms to be paired with robust legislative changes, such as a statutory hardship framework and accessible dispute resolution, to ensure fair treatment of lot owners and prevent unnecessary escalation of debt recovery.
