Division L RENTAL, HIRING AND REAL ESTATE SERVICES
Subdivision 67 PROPERTY OPERATORS AND REAL ESTATE SERVICES
Group 671 PROPERTY OPERATORS
Class 6711 Residential Property Operators
| This class consists of units mainly engaged in renting or leasing residential properties, (other than holiday houses or holiday flats) including space in such properties. The units may be owner lessors or they may sublease properties of which they are themselves lessees. |
| The activity of owner occupiers renting or leasing their own dwellings to themselves is treated as a business activity in the System of National Accounts (1993 SNA). Accordingly, this class includes, for purposes of national accounts, the imputed or notional property-owning units from which the owner occupiers of dwellings rent or lease their dwellings. |
| Primary activities |
- Apartment (except holiday apartment) renting or leasing
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- Caravan park, residential (other than holiday), operation
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- Flats (except holiday flats) renting or leasing
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- House (except holiday house) renting or leasing
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- Residential property body corporate operation
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- Residential property strata corporation operation
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| Exclusions/References |
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- operating hotels or motels, boarding or rooming houses, student residences, caravan holiday parks, holiday houses or flats are included in Class 4400 Accommodation; and
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- operating as a residents’ organisation to promote the interest of the local community are included in Class 9559 Other Interest Group Services n.e.c.
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