Yes. That's correct. You can also list your boat as your home which your not allowed to live in ( keeps the figures looking good ) rule 17a sorry guide 17a only let's lets you anchor for 28 days in one geographical location., Then you move to a maximum of 90 days in NSW . I have no problem with this rule as long as it's a rule ,not a guide. So if you know the local Bo you don't have a problem , maybe buy them a drink ,or hand over a paper bag full of cash and your set.the rest of us have to move on because it's " descretionary " as a rule the start boat for the Sydney to Hobart is also f@cked ,see where I'm going with this. Now for living full time . If your NEAT ,TIDY,QUIET ,HAVE BLACKOUT CURTAINS ,no washing out ,haul your dingy on deck you might get away with living on the mooring depending on the retirees near by. Get a van and split your time between the two . It can be done ,just not legally. Oh and your boat has to be "pretty" to fit in or an obvious cruiser cause your cruising . I did it for 5 years

it's so much easier in Queensland.