A new and improved online system for reporting eligible resales of artworks under Australia’s Resale Royalty Scheme is now live. The upgraded system introduces key enhancements that make it easier and more secure for artists, art market professionals and art centres to manage their resale royalty reporting and collecting. What’s new Email-based sign in and […]
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Under the Resale Royalty Scheme, visual artists are entitled to a five per cent share on eligible resales of their original works valued at $1,000 or more in Australia, and the ability to access the schemes in participating countries when their works are resold there. As of 31 March 2025, international reciprocity will be extended […]
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At the close of the scheme’s 14th year, we celebrate the milestone of $15 million in royalties generated by the scheme. The Resale Royalty Right recognises artists ongoing rights in their work and provides them with a share of its ongoing value. Here’s how the scheme is performing: $15 million Over $15 million in resale royalties […]
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You may have heard the news or read our earlier articles here and here. Whether you have or not, here’s a quick recap of key points: Reciprocity started: 31 March 2024 Reciprocating countries: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Hungary, Italy, Ireland, Latvia, Netherlands, Norway, Portugal, Spain, Sweden and the United Kingdom. More countries […]
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Copyright Agency is delighted that the Government’s extension of the artists’ Resale Royalty Scheme will provide opportunities for Australian artists to receive royalties from resales of their artworks in other countries. The reciprocity launch on 31 March 2024 comes amid growing popularity of Aboriginal art worldwide, particularly in Europe, and we’re excited to see […]
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The Resale Royalty Right for Visual Artists Act 2009 (the Resale Act) allows for reciprocal resale rights to be established with countries that have an operating resale royalty scheme and which entitle Australian rights holders to benefit. Under these arrangements, Australian artists will receive royalties when their eligible works are resold in reciprocating countries, and […]
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One of the criteria that determines if a resale is eligible for a royalty payment is when the owner of the work acquired it. If an artwork existed as at 9 June 2010 (the start of the scheme), there is no royalty payable on the first resale of that work. This means that a person […]
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On the eve of the scheme generating $14 million in royalties, here’s what some of our leading artists have to say about the importance of the Resale Royalty Right.
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Here’s an update and a refresher on Resale Royalty: Artists, could your resold artworks be eligible for a payment? If you are aware of a resale and would like to check if a royalty may be due, please contact us. You’ve heard people talk about first and second resale but those terms can be confusing. A quick way to […]
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As we approach the 13th anniversary of the Resale Royalty Right, we celebrate the milestone of $13 million in royalties generated by the scheme. The Resale Royalty Right recognises artists ongoing rights in their work and provides them with a share of its ongoing value. Here’s how the scheme is performing: $13 million Over $13.3 […]
Read MoreThe Federal Government launched its new Cultural Policy, Revive, on 30 January. The Prime Minister, Anthony Albanese, and the Minister for the Arts, Tony Burke, both spoke at the launch. The policy The policy includes recognition of the fundamental role of the copyright system in supporting Australia’s creative industries and workers: The Government […]
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The Resale Royalty Right enables artists who create work to share in its value when it is resold. On the 12th anniversary of the scheme, here’s some information about how it’s performing.
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Minister for Communications, Urban Infrastructure and the Arts, the Hon Paul Fletcher MP and Copyright Agency join in celebrating Australia’s resale royalty scheme hitting the $11 million milestone.
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The Resale Royalty Right for Visual Artists Act 2009 (the Resale Act) allows for reciprocal resale rights to be established with countries that have an operating resale royalty scheme.
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The Resale Royalty Right enables artists who create work to share in its value when it is resold. Commencing on 9 June 2010, the scheme recognises artists ongoing rights in their work and provides them with a share of its ongoing value.
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Blockchain is once again hitting headlines, with Bitcoin more than doubling in value since December 2020, plus the high-value sale of an NFT.
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Resales of artworks acquired before 9 June 2010 do not meet the criteria for a royalty payment – but they need not miss out altogether.
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9 June 2020 marked a decade of the Resale Royalty Right for Visual Artists in Australia. The Copyright Agency is appointed by the Australian Government to collect and pay royalties to artists when their work is resold. Under the Resale Royalty Scheme, a 5% royalty is payable on certain resales worth $1,000 or more. You […]
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With exhibitions, sales, teaching and other sources of casual income in short supply, the licensing income and resale royalties that flow to visual artists are more essential than ever. You’ve been asking for advice during this challenging period, so we’ve compiled some tips and information for you. And as always, the Visual Arts team remains […]
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Last December the Copyright Agency welcomed the release of the Australian Government’s Post-Implementation Review for the Resale Royalty Scheme. The report analyses the first three years and four months of the Scheme and provides a valuable snapshot into its implementation and early operation. The Resale Royalty Scheme entitles visual artists to five per cent of […]
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