This type of situation is rife in large strata blocks with a high proportion of absentee/investor owners throughout the greater Sydney region. It is obviously being permitted by local councils. Very disturbing for individuals who suddenly find that the building in which they have their apartment/home is advertised online as a Hotel. I suspect that the interests of companies who carry out such activities may be protected through their associations with relevant professionals working in the industry. Caretakers play a central role; they are employees of the company and live in an on-site apartment owned by the company, frequently spend most of their time carrying out on site management and care of serviced apartments, perform real estate/letting activities in the building, and along with others represent the company on the Executive committee (due to the company’s ownership of a small but strategic number of apartments in the building).