27 February 2013
Royalties for artists
Under the artists’ resale royalty scheme, artists receive royalties on certain resales of their work. Copyright Agency has been appointed by the government to collect royalties to pay to the artists.
Since its start on 9 June 2010 until 30 April 2013, the scheme has generated royalties:
- totalling more than $1.46M
- from more than 6,400 resales
- for more than 600 artists (over 60% Indigenous)
- lowest royalty $50
- highest royalty $50,000
- most royalties have been between $50 and $500
- most of the artists have received one or two royalty payments, but some have received multiple payments
- some royalties have been paid to the families of deceased artists, but most (over 85%) have been paid to living artists
To help us find you if we collect a royalty for you, please register your contact details here.
The Australian Government has appointed Copyright Agency to manage the resale royalty scheme.
Information about resales
The scheme requires the seller, or the seller's agent, to report all commercial resales for $1,000 or more, whether or not a royalty is payable. You can do this online once you set up a secure login here.
Need help?
Copyright Agency has specialist staff to help you with your enquiries:
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artists: contact our Visual Arts Manager Tristan Chant, or our Indigenous Communications Coordinator, Trish Adjei
-
art market professionals: contact our Resale Royalty Manager, Judy Grady
Phone 1800 066 844 or +612 9394 7600, or make an online enquiry.
2013 Post Implementation Review of the Resale Royalty Scheme
By June 2013, a post-implementation review of the resale royalty scheme will commence. The review will include industry and public consultation and will afford the opportunity for all stakeholders to comment on how the scheme and the legislation has performed to date. It is likely to encompass an assessment of the success of the scheme in achieving its objectives; the impact of the scheme on the art market, artists and art market professionals; the efficiency and effectiveness of the scheme's collecting society, Copyright Agency; and the impact of the scheme's regulations. It will also consider whether any changes to the legislation or administration of the scheme are needed.
Copyright Agency will ensure that all art market professionals and artists registered under the scheme are informed of the commencement of the review and of opportunities to provide input during the consultation phase.
More information on Post Implementation Reviews, provided by the Office of Best Practice Regulation (OBPR), Department of Finance and Deregulation can be found at:
http://ris.finance.gov.au/2012/03/15/guidance-note-post-implementation-reviews/.
Resale royalty news
For updates on the resale royalty scheme, click here.
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Ideas Exchange @ Switch 25 July
Posted on 28-06-2012
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