Resale Royalty Scheme Review – Only One Week to Go!

Resale Royalty Scheme Review – Only One Week to Go!

Poster encouraging Aboriginal artists to sign up for Resale Royalties

Posted by Jeremy Eccles | 05.07.13

Author: Jeremy Eccles
News source: Press Release

The Australian Government is conducting a review of the resale royalty scheme for visual artists. The review will look at:

  • whether the scheme has achieved its objectives of providing artists with recognition of their on-going rights in their art and an additional source of income

  • the impact on visual artists, the Australian art market, art market professionals and consumers

  • changes that could enhance the operation of the scheme

The Copyright Agency Ltd (CAL) administers the scheme which collects royalties for artists on eligible resales of their works. Since the scheme was launched in June 2010, it has generated more than $1.5 million in royalties for 650 artists, 68% of whom are Aboriginal or Torres Strait Islander - though they've only received 51% of the royalties paid. More than 6,800 resales have been involved and approximately 90 per cent of royalty payments were made to living artists – though the dead received 24% of the royalties, including the highest payout on record, $50,000.

Resales, of course, are primarily in the hands of the auction houses. It has not been boom time for them – especially in indigenous art sales, which peaked at $28.5 million in 2007, falling to $10.1 million in 2010 and $8.2 million in 2012.

In detail, the Review Terms of Reference are to provide:

  • an outline of the issues that the legislation was intended to address

  • an assessment of the efficiency and effectiveness of the legislation and associated scheme in achieving the original objectives

  • an analysis of the likely impacts had the legislation not been introduced

  • an assessment of the impact of the scheme on artists, the art market, art market professionals and consumers, including costs and benefits

  • the development and consideration of projections that show the likely scale of the scheme in future years

  • the identification and consideration of any revisions to the Act or regulations that could enhance the operation of the scheme.

This is your opportunity to provide feedback on how the scheme is functioning and whether you think it is supporting Australia’s visual arts sector.

It is important that the review includes input from a range of individuals and organisations, so the Government encourages you to have your say. Submissions close 12 July 2013.


URL: resaleroyalty.org.au


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Resale Royalty Scheme Review – Only One Week to Go!

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