Resale Royalty Scheme: Information for Art Dealers, Auction Houses & Galleries
The government has engaged Copyright Agency Ltd (CAL) to manage the artists’ resale royalty scheme. The scheme will provide artists with a 5% royalty on certain commercial resales of $1,000 or more that occur after 8 June 2010. The royalty will apply to existing as well as new works, but will not apply to the first change of ownership after 8 June, even if that is a resale.
From 9 June, sellers, buyers and art market professionals (such as auction houses, commercial galleries and art dealers) will need to provide information to CAL about all commercial resales, including those that do not generate a royalty. CAL is developing a resale royalty website (www.resaleroyalty.org.au) for launch before 9 June. The website will include facilities to provide information about resales using online forms and/or by uploading files such as spreadsheets.
Information and networking sessions for art market professionals
CAL will be holding information and networking sessions for art market professionals during the months of May and June. Click
here for more information.
Download information sheets
Click
here to download our information sheet,
Artists’ resale royalty right: what it means for the art trade.
Click
here to download our information sheet,
Art Trade Checklist. We will be regularly updating this information sheet in response to feedback and questions.
Art trade e-alerts
Click
here to subscribe to our email list for art trade e-alerts about the resale royalty scheme (such as new or updated information sheets, launch of website, dates and venues for seminars).
What else is CAL doing to help you prepare for the scheme’s commencement?
- We have set up an art trade advisory panel, to advise us of matters relating to business systems and practices in the art trade relevant to the resale royalty scheme
- We have met with a number of auction houses, commercial galleries and their representative organisations
- We have contacted many others in the art trade by phone and email, and we are contacting more in the first week of May
- We will upload a compliance checklist for the art trade during the first week of May
- We will disseminate information to members of the Australian Commercial Galleries Association at its chapter meetings in May
- We will upload an information sheet for buyers and sellers to this webpage by 7 May
Contact people at CAL include Arlene Adams, Zoë Rodriquez and Libby Baulch. Any media enquiries should be directed to Paul Murton.