Australia has finally introduced Resale Royalties.
So what does that mean to Australian artists?
On all commercially sold artworks or authorized limited edition prints being commercially resold, the artist will be paid a %5 royalty as long as the work resales value was over $1000.
Yet it is important to understand the scheme does not apply to artworks sold from one individual to another.
Only commercial art market professionals need adhere to this scheme such as:
- auctioneers
- art gallery operators and owners
- museums;
- art dealer or agents
- a person otherwise involved in the business of dealing in artworks
The Federal government has appointed Copyright Agency Limited
(CAL) to be the collecting agency responsible for collecting the resale royalty and distributing it to artists.
For information or contact visual arts manager
Tristan Chant, or the Indigenous Communications Coordinator,
Trish Adjei at 1800 066 844 or 02 9394 7600
or contact:
Copyright Agency Limited
Level 15, 233 Castlereagh Street,
Sydney NSW 2000
Tel: 1800 066 844
Fax: +612 9394 7601
Email:
resale@copyright.com.au
Website:
www.copyright.com.au
