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8 June 2010
Australia’s resale royalty scheme for visual artists is set to begin tomorrow and to mark the event Arts Minister, Peter Garrett, today visited the Ngaanyatjarra Pitjantjatjara Yankunytjatjara (NPY) Women's Council in Alice Springs.
When the scheme commences a resale royalty of five per cent of the sale price will be payable to the artist on the second commercial sale of an artwork valued at $1,000 or more.
“Government-appointed collecting society Copyright Agency Limited is responsible for monitoring the sale of artworks, collecting the royalty from the seller and making sure it reaches the artist.
They have formed an art trade advisory panel, and talked with artists, gallery owners, auction houses and dealers to set up systems to make the provision of information as straightforward as possible for artists and arts professionals.
“It is time for artists, dealers, gallery owners and other arts professionals to get behind this important scheme for Australian visual artists by registering for the resale royalty with Copyright Agency Limited (CAL),” Mr Garrett said.
“Under the Resale Royalty Right for Visual Artists Act 2009, artists, buyers and sellers must provide information about the sale of artworks to ensure that the scheme can be delivered successfully for the sector.
”Through this work, I am confident that Copyright Agency Limited is establishing a strong and sustainable model for the administration of the scheme.”
“The commencement of the scheme delivers on an important election commitment and is a landmark event in improving the rights of our visual artists.
“As I met with artists today in Alice Springs, I am reminded that important beneficiaries of the resale royalty will be Indigenous visual artists. The considerable national and international interest in the distinctive art of Australian Indigenous artists means that works can increase in value significantly on the secondary art market. The resale royalty scheme means that Indigenous artists will be entitled to some of these profits.”
Arts professionals can register or get more information at www.resaleroyalty.org.au