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I don't think that having your mates live with you in your house in return for a cash donation each week is the same as renting it out. Isn't it just the same as stay at home children paying their parents board? Surely the ATO doesn't expect that if mum and dad charge their adult children...

The state revenue office does a check of databases eg ATO, electricity companies, local council, license and registration etc etc of your address so if you didn't live in it, you would still have to change your address to the address of the property or else they will most likely find you and...