In this episode of the Financial Services Online Daily Financial Services News Wrap, Paige Estritori discusses vital updates in Australia's finance industry, including transparency measures in New South Wales' Strata Community Association, which plans to replace insurance commissions with a fee-for-service model from 2026. The podcast also highlights the rising demand for Latent Defects Insurance (LDI) ahead of a 2028 residential project mandate and the challenges of cost escalation in the building industry due to resource scarcity and material price surges. The episode calls attention to potential risks in the private lending sector following a review by the Australian Securities and Investments Commission, advising borrowers of diligence in lender selection. Stay updated on financialservicesonline.com.au.n