Resale Royalty Scheme

Under the Resale Royalty Right for Visual Artists Act 2009, visual artists are eligible to receive five per cent of the sale price when their original works over $1000 are resold through the art market. The scheme covers original works of art, such as a painting, a collage, a drawing, a print, a sculpture, a ceramic, an item of glassware or a photograph. The scheme is only applied prospectively, meaning that royalty rights only apply to resales where the seller has acquired the work after 2 June 2010. To find out more, please visit: <a href=”http://www.arts.gov.au/artists/resale_royalty” target=”_blank”>http://www.arts.gov.au/artists/resale_royalty</a>

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