News

Regulation Of The ‘Short-Term Rental Revolution’

The market is booming for online booking service providers connecting hosts and travellers globally. The short-term rental accommodation industry’s growth has been exponential, both globally and nationally. In the last decade, major service provider Airbnb has advertised in excess of 3 million properties worldwide, which is more than the total number of hotel rooms offered globally by the Marriott and Hilton hotel chains combined. The short-term rental accommodation industry now accounts for a multi-billion dollar contribution to the Australian economy. States across Australia are progressively rolling our regulations of the new industry.

Reminder: State Revenue Office Vacant And Absentee Notifications Due By 15 January 2019

1 January 2018 saw the introduction of a residential land tax to homes in inner and middle Melbourne that were vacant for more than six months in the preceding calendar year.

From Microbreweries To Garden Cafés – An Overhaul Of The NSW State Planning System Reflects The Changing Face Of The Retail Sector

Australia has not been immune from the recent global changes to the retail sector.  The growing success of international heavy-weight bricks-and-mortar retailers and e-commerce retailers has significantly impacted the Australian retail landscape. In August 2018, the NSW State Government introduced improvements to the retail land use definitions, that modernise NSW’s planning laws to reflect contemporary retail practices.

Breaking News – Rebate Statement Issues Resolved By Parliament

MST Lawyers is delighted to report that the Justice Legislation Miscellaneous Amendment Act 2018 (Vic) (Act) was passed by the Legislative Council on 18 September 2018 and received Royal Assent on Tuesday of this week.

This is great news for Victorian real estate agents as it provides certainty moving forward in relation to the question of whether rebate statements complied with the legislative requirements of the Estate Agents Act 1980 (Vic) and, more importantly, the effect of non-compliance on the ability of an agent to sue for or to retain commission.