Yes, the NSW government could be making this all much clearer.
As NSW-based hosts, we all have to comply with the new rules, some of which are already in force. Making it super-clear to us as hosts which ones apply or not could be better. That said, the Code of Conduct is pretty straightforward and both protects us as hosts and our guests. It's a net-positive step.
The one part that remains unclear for me is when NSW will make the short-term accomodation register available so that we can register our properties, and how that might be implemented in the context of Airbnb, who will be required to show our registration details.