We use cookies to give you a better experience on our website. Learn more about how we use cookies and how you can select your preferences.
Rental, hiring and real estate services industry
Business types in this industry
The rental, hiring and real estate services industry includes businesses providing:
- motor vehicles
- transport equipment
- farm animals & bloodstock
- video and other electronic media
- heavy machinery
- scaffolding
- furniture and appliances
- intangible assets (e.g. patents and trademarks).
The industry also includes property related services such as:
- real estate agencies
- real estate management services
- real estate auctioning services
- valuing services for real estate.
Industry statistics
Industry research is an important part of planning for your business, it may help you identify:
- economic and industry trends
- establish or improve your business
- help you keep pace with your industry.
The government’s statistical source for the rental, hiring and real estate services industry is the Australian Bureau of Statistics (ABS). ABS provides statistics on Australian Industry and housing.
Check out the latest Housing data in Australia, by exploring the interactive dashboard on the Australian Institute of Health and Welfare website.
Explore the profile for the Rental, hiring and real estate services industry, on the Labour Market Insights website. This will give you an idea of what's happening in the Australian job market.
Legislation, standards and initiatives
It’s important that you’re aware of the laws that apply to the rental, hiring and real estate services industry. Key legislation includes the:
- Competition and Consumer Act 2010
- Australian Consumer Law (ACL)
- Consumer guarantees
- Fair trading laws
- Fair trading - Real estate agent obligations
- Privacy Act 1988
- Australian Privacy Principles
- Personal Property Securities Act 2009
- Personal Property Securities Register
- Anti-discrimination laws
- Anti-Money Laundering and Counter-Terrorism Financing Act 2006
- State or territory body corporate regulations
- State or territory property or real estate agents act.
Licences and permits
State or territory governments manage the licences and permits for the rental, hiring and real estate services industry. The approvals you may need include:
- hire car operator accreditation
- real estate agent accreditation
- vehicle permits and licences
- luxury car licence
- erecting/displaying signage
- playing video/sound recordings
- disposal of waste
- zoning permits
- restricted trading days.
Find the licences and permits you need for your business
Search the Australian Business Licence and Information Service (ABLIS) to find information on the licences you may need.
Search nowTaxation
Rental, hiring and real estate businesses have specific goods and services tax (GST) measures. It’s important that you know your GST obligations and to make sure you register with the Australian Taxation Office (ATO) to ensure you can claim your GST credits.
Visit the ATO website to learn more about the GST requirements for the rental, hiring and real estate services industry:
Other tax measures that may apply to your rental, hiring and real estate services business include:
- Fuel tax credits provide a credit for fuel tax (excise or customs duty) that is included in the price of fuel. Credits only apply to fuel that is used in eligible business activities.
- Luxury Car Tax (LCT) applies if you purchase or import luxury vehicles valued above a certain amount.
Employ people
If you're looking to employ staff, there are Australia’s national workplace laws specific to the rental, hiring and real estate services industry that you'll need to comply with.
Workplace health and safety (WHS)
There are general work health and safety regulations for all businesses, however there are state and territory WHS requirements that apply to businesses in the rental, hiring and real estate services industry:
-
Check out WHS advice, including WHS duties and how you can manage risks.
Safe Work Australia
Environment
While the rental, hiring and real estate industry does not rely heavily on the environment, they can still have a significant impact. The main environmental issues that businesses in the rental, hiring and real estate services industry should understand include:
- waste management and reduction
- reporting
- fuel economy
- sustainability.
Insurance
Alongside compulsory insurances, the rental, hiring and real estate services industry has specific insurances. These insurances include:
- public liability
- equipment and machinery
- property and buildings
- vehicles
- animals and business interruption.
Find support
If you need advice or support, consider getting help from your industry association, a business adviser, accountant or legal professional.
Read next
-
If your business imports goods, understand your obligations.
Importing and your business