Booking platform providers, owners, and renters of short stay accommodation must pay a levy of 7.5% of the total booking fee for stays under 28 days.

Booking platform providers, owners, and renters must register with the Commissioner and lodge tax returns every three months or annually depending on their yearly booking fees.

Owners or renters using a booking platform must declare if the premises are not short stay accommodation, such as when the property is their principal place of residence.

The person making a declaration and the booking platform provider are jointly liable for the levy, interest, and penalty tax if the Commissioner determines the premises are actually short stay accommodation.

People with exclusive occupation of short stay accommodation who accept direct bookings must pay the levy and GST to the owner or renter.

Tax officers are permitted to share information with Councils to help regulate short stay accommodation.

Owners corporations are authorised to prohibit the use of lots as short stay accommodation, unless the lot is the principal place of residence for the owner, lessee, or sub-lessee.