Resale royalty scheme still going strong

In 2010 CAL was appointed by the Australian Government to manage the resale royalty scheme for visual artists. Under the scheme, artists are entitled to a 5% royalty on certain resales of their works.

Since its start on 9 June 2010 until 31 July 2011, the scheme generated royalties totalling $348,999 from 1,755 resales of works. Royalties for a total of 325 artists (mostly Indigenous) have been generated, with some artists earning multiple royalties. The highest single royalty generated was $40,000.

For further information on the scheme visit the Resale Royalty website.

Item posted on 4 August 2011.