Steadfast's trading halt has been lifted, and it has announced a review to flush out “inappropriate” behaviour following allegations about the listed group made as part of the ABC’s Four Corners strata exposé, which aired last night.

As insuranceNEWS.com.au has reported, Steadfast has challenged many of the ABC’s assertions, particularly that its brokers funnelled strata clients towards more expensive Steadfast-owned underwriters or premium funders.

The group entered a trading halt yesterday morning after the ABC published a highly critical online article, and it issued a statement in response last night.

In the statement, Steadfast said it “rejects any suggestion” its businesses operate unethically “and, in particular, that Steadfast improperly channels any business to its related entities”.

It pointed out that the ABC coverage failed to mention how Steadfast commissioned industry consultant John Trowbridge to write a three-part report on industry-wide strata remuneration issues and transparency.

Today, Steadfast resumed trading and issued another statement.

“Steadfast has already taken steps to improve its strata title remuneration transparency after the three Trowbridge reports,” it said. “Steadfast board and management are committed to a competitive, transparent and fair marketplace; will not tolerate inappropriate behaviours; and will undertake a further review to identify and address inappropriate strata title insurance behaviours.”

The value of Steadfast shares dropped by more than 10% today.