While acknowledging this, the Independent Consumer and Competition Commission (ICCC) Commissioner, Paul Ain, highlights that there are a number of reports that the government has released, the recent being in 2010.
The Commissioner points out that the 2010 “Housing and Real-estate review” recommended for a guiding code to be developed to regulate the market.
Meantime, Ain says the Code is with Treasury, with the challenge now to recognise which agency will implement the code.