Liability limited by a scheme approved under Professional Standards Legislation
| Sharing economy reporting regime for platform operators |
Individuals participating in the sharing economy should be aware that transactions for supplying taxi travel/ride sourcing and short-term accommodation are now required to be reported under the sharing economy reporting regime (SERR). |
. That reporting requirement will be expanded for 2024-25 year. Generally, all operators of electronic distribution 2023–2024 income year must report transactions made through their platform. However, from 1 July 2024, the SERR will apply to all other reportable transactions of electronic distribution platforms operators, including hiring of assets (consisting of hire of personal assets, storage or business space), food delivery and professional performing tasks and activities will need to be reported. 15th-March-2024 |
| Simmons Partners Suite 3a, 303-313 Burwood Hwy Burwood East 3151 Vic | Phone:+61 3 9887 9377 | Fax:+61 3 9887 9615 | Email:info@simmonspartners.com.au |