NSW Parliament passes weak Airbnb legislation

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By Leith van Onselen

The NSW Legislative Council last night passed the Fair Trading Amendment (Short-Term Rental Accommodation) Bill 2018. The Hansard transcript of the debate can be found (introduction) here and (arguments) here.

The new rules are summarised by 7News:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.