26 September 2023

New regulation framework goes rental

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The Departments of Customer Service and Planning, Industry and Environment (DPIE), have developed a new regulatory framework for the short-term rental accommodation (STRA) industry.

DPIE said the framework includes changes to planning laws and a mandatory code of conduct.

“This includes a state-wide planning framework, a mandatory Code of Conduct and changes to strata legislation,” the Department said.

“The NSW Government is also considering the introduction of a new industry-led STRA property register.”

The two Departments have put out a call for public feedback on several components of the framework, including the draft Code of Conduct for the STRA Industry which will apply to hosts, guests, online booking platforms and letting agents.

They said they were also seeking feedback on a draft Fair Trading Amendment, Regulation 2019, to support the Code’s implementation; planning instruments to provide a state-wide definition of STRA; and a proposed property register.

“The framework intends to ensure local communities enjoy the economic benefits of STRA, while managing potential adverse impacts.”

They said feedback from the community, Government Agencies, Councils, industry and other stakeholders would be accepted until 11 September

The six draft Instruments and Regulations can be accessed with information on how to have a say on the DPIE website at this PS News link.

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