While it may sound like an attractive option for some schemes, I am not sure that the ‘increased insurance for common property’ argument against AirBNB will have any ‘legs’.
However, the OC can take action against a landlord (i.e. the Lot Owner) under limited circumstances to recoup any damage.
See here:
https://www.reinsw.com.au/Web/Members/Real_Estate_Journals/201601/Airbnb.aspx
The relevant extracts (from a representative of CGU) are:
“The fact that the damage was caused by a person residing in the property under a short-term letting arrangement does not have an impact on the building insurance,”
and
“in order for the Owners’ Corporation to take action against the landlord to recoup the costs of any repairs to the common property, they would need to prove that they knowingly breached their duty of care and obligations as a lot owner.”