Welcome to the Holiday Rental Industry Association!

Holiday Rentals/ Short Term Residential Accommodation (STRA) have been delivering memorable visitor experiences in Australia for over 140 years and deliver real benefits to economy, local communities and tourism. By joining the Holiday Rental Industry Association (HRIA) you will be supporting a national network of industry professionals to undertake vital research, engage and shape policy in regards to industry regulation and sustainability.

We’ll forward a seasonal electronic newsletter which will contain industry updates as well as information on the new Code of Conduct and how this can be used as a tool to improve or enhance your management systems.

Our team of Board volunteers will assist you if you wish to form local stakeholder groups. We’ll also screen industry inquiries and register guest complaints to consider through our advocacy work.

The sharing economy is a hot topic in Australia, and globally, and your support of the Holiday Rental Industry Association is vital right now. We invite owners, property managers, distributors and suppliers to join the HRIA.

Message from the ATO

The Australian Taxation Office (ATO) is launching an extensive data-matching program to identify taxpayers receiving income from short term rentals. Information from online platform sharing sites for around 190,000 Australians will be examined to identify taxpayers who have left out rental income and over-claimed deductions.

In 2016, approximately 2.1 million individuals reported rental income of $42 billion. Assistant Commissioner Kath Anderson said that rental properties are high on the ATO’s priority list given that the rental market is a significant share of the economy and there is evidence that some taxpayers are getting it wrong.

“The availability of short stay rentals has exploded thanks to the online revolution. With the growing number of homes, apartments, units and rooms available via accommodation sharing sites, there is a real risk some people may not understand their tax obligations,” Ms Anderson said.

The ATO will match data provided by online rental platforms and their financial institutions against ATO records to identify taxpayers not meeting their registration, reporting, lodgement, or payment obligations when renting out property on a short term basis. The new data complements long-term rentals information which the ATO already receives from State and Territory Bond Boards.

The data collected will include income received per listing as well as listing dates, enquiry and booking rates, prices charged or quoted per night and other information.

“We are increasingly using data and technology, to identify any missing income in your tax returns. This data will also identify taxpayers who use sharing economy rental platforms to list a property that is not genuinely available for rent in order to claim unwarranted deductions. There is no high-tech hideaway for rental income.

“The ATO often allows taxpayers who have made genuine errors to amend their returns without penalty. But deliberate attempts to avoid tax on rental income could see the ATO take action.”

There are a few simple rules rental property owners should follow to avoid making mistakes on their tax return.

First, make sure you declare all your income. While the sharing economy has changed the way we do business, it hasn’t changed the ATO’s definition of income. Any income from renting all or part of a house or unit needs to be declared, even if it is just a one-off. There is no such thing as a rental “hobby”.

Secondly, only claim deductions for the periods your property is rented out or is genuinely available for rent. And if you are renting part or all of your main residence, you can only claim deductions for the time it was actually rented. If a property is rented out below market rates, for example to family or friends, deduction claims are limited to the amount of income earned.

Remember, costs to repair damage, defects or deterioration existing on purchase, or renovation costs, can’t be claimed as an immediate deduction. These costs are deductible over a number of years.

Finally, it is important for all property owners to keep accurate records. This helps to ensure they declare the right amount of rental income and they have evidence for claims made.

Taxpayers or tax agents that have made an error or omission should contact the ATO as soon as possible. Penalties may be significantly reduced in circumstances where we are contacted prior to an audit. Maximum penalties can be as high as 75% of the tax shortfall.

Taxpayers contacted by the ATO will be given the opportunity to verify information collected from data providers before any compliance action is undertaken and will be given at least 28 days to clarify any information obtained.

Details of the ATO’s data matching strategies are published at ato.gov.au/datamatching

(This information was taken directly from the media release from the ATO. It is intended for informational purposes only and is not the property or work of the HRIA. If you need more information, please contact your tax agent or the ATO directly http://www.ato.gov.au )

Change Is In The Air For Our National Short Term And Holiday Rental Industry Association

Australian Short Term and Holiday Rental Industry Association

Our national Association’s AGM is coming up on 27 June 2018 in Sydney, NSW. We’ll be calling for Board nominations from our short-term and holiday rental operator members so if you are a mover and shaker, have something to contribute and have been thinking about becoming a member – don’t delay. Join Now!

Help set our Priorities and Services for the year ahead.

At the AGM we’ll be seeking to commit to our key priorities in working for our industry in the year and the services we provide you. Towards that, we’ve prepared a two-minute questionnaire. Please take a moment to let us know what’s important to you.

 Help us, help you: short 2-minute questionnaire 

Across Australia state and local governments are reviewing the regulation for our short-term and holiday rental sector. While we offer other benefits to members, your support allows us to advocate for fair industry regulation to ensure operational certainty and long-term sustainability.

To better represent your interests, we have also drafted changes to our Consitution to ensure we are a strong independent grassroots operators industry association going forward.

A new Owners class. This new class is to allow owners, who do not manage (who have a representative manager), to support the HRIA and our advocacy work.

Ensuring only managers, of Australian short-term and holiday rentals, will qualify for a director seat on the national Board so that grassroots operators can make the big decisions going forward.

We hope to gain the support of members for the following changes by Special Motion vote on or before 27 June 2018 (in person, postal and our new online voting options);

We continue to welcome the support from industry Suppliers and we will be introducing a Supplier Directory and a Sponsorship Prospectus in the second half of 2018. This will present opportunities for our Supplier members to sponsor or partner with us in delivering additional member benefits such as industry events, for example.

Please make contact with us if you have any queries.


Here’s our HRIA Flyer & Questionnaire

Best regards

Rob Jeffress