2021-10-12 P&E Agenda - Item 2 - Attachment 6 - Cost Benefit Analysis

COST BENEFIT ASSESSMENT – PROPOSED LOCAL LAW AMENDMENT: SHORT STAY
LETTING & HOME HOSTED ACCOMMODATION

5.2         FINDINGS
Based on the assumptions underpinning the cost benefit analysis, the quantitative assessment highlights that the
benefits associated with the proposed local law significantly outweigh the costs associated with the proposed local
law.

Short stay accommodation operators – 86% of which are located outside of Noosa Shire and 51% of which are
located outside of Queensland – are currently receiving commercial benefits at a significant cost to local resident
health and residential amenity.

In addition to the quantitative outcomes, it is also envisaged that the proposed local law would result in the following
qualitative benefits:

•     An enhanced feeling of safety and security for residents in their homes.

•     The creation of additional local employment through the requirement to have a local contact person on call for
      all short stay accommodation premises.




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