The NSW Government has passed regulations that address issues with short-term rental businesses such as Airbnb and HomeAway. The new laws have introduced a range of regulations including the introduction of a mandatory code of conduct for service providers and a limit on renting premises for short term stays in Greater Sydney to a maximum of 180 days per year (with exemptions from these limits when the host is on site).
The Fair Trading Amendment (Short-Term Rental Accommodation) Act 2018 was introduced to combat complaints of unruly tourists in apartment blocks and popular Airbnb neighbourhoods, and have been embraced by Airbnb and other home-sharing services. The Code of Conduct includes a “two strikes and you’re out” policy to ensure industry compliance with the new regulations. The government has also indicated that they will be reviewing the regulations after 12 months to ensure they are successful.