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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Copyright Agency has issued its 2018-19 Annual Report at its AGM held in Sydney on 20 November 2019. The report provides the audited financial results of the company and reports on achievements in the last financial year. 2018-19 was a strong year with many gains for our members. Highlights include: Strong financial results We generated revenue of around $150m and paid […]
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The Copyright Agency welcomes a landmark report from the Standing Committee on Canadian Heritage which has backed Canadian authors in their push to reform copyright laws in that country. Copyright Agency CEO Adam Suckling says, “Canadian authors and publishers have endured serious erosions to their livelihoods since 2012 as a result of copyright changes which […]
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The key questions we receive from artists are: When is a sale a resale? and When does royalty apply? When is a sale a resale? To answer this question, we often need to take a step back and talk about the first or primary sale from the artist and who they sell to, or through. […]
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Over $1 million in resale royalty revenue was generated in the financial year of 2017-18, with more than 180 artists receiving their first eligible resale payment in that time. Artists from all stages of their careers are benefitting from the resale right, which entitles them or their estate to a 5% share of the sales […]
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While the Resale Royalty Right is generally well understood, we are often asked to clarify the term ‘second resale’ and how it affects eligibility for resale royalty. If used out of context this term can lead to the wrong conclusion on a royalty being due. The term second ‘resale’ is also sometimes confused with second […]
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The Resale Royalty Right for visual artists entitles artists and their estates to a five per cent royalty whenever an eligible artwork resells in Australia. Copyright Agency is committed to ensuring that artists and their estates receive the resale royalties that they are entitled to. We actively investigate missed or inaccurate reporting to recover royalties. So […]
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In Australia, copyright and the Resale Royalty Right in most cases lasts for 70 years after an artist’s date of death. This means that having a will is imperative for artists to ensure your intellectual property is passed on according to your wishes, and to assist your beneficiaries in effectively managing, and benefiting from, these […]
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In May, the World Intellectual Property Organisation hosted an international conference on the visual artists’ resale right. This landmark event was a milestone in the global campaign to promote international adoption of the right. The Copyright Agency | Viscopy’s Judy Grady presented evidence from Australia’s resale scheme via Skype, to the many artists, policy makers, […]
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The Resale Royalty Right entitles visual artists to a 5 per cent royalty when an eligible work resells in Australia for $1,000 or more. One of the eligibility criteria for a resale royalty is that the person selling the artwork acquired it it on or after after the scheme commenced on June 9, 2010. To […]
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Six years after it began, Australia’s resale royalty scheme has generated more than $4 million for artists, with more than half of those artists living and working in remote and regional Australia. More than 12,800 eligible artworks have been resold, well above predicted expectations for the scheme, returning a 5 per cent royalty to 1200 […]
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From 1 July 2015, the administration fee for royalties collect by the Copyright Agency under the Resale Royalty Scheme will be 15%. This fee is used to support the administration of the Resale Royalty scheme on behalf of right holders and their beneficiaries. A 15% fee for service reflects costs of managing the scheme and […]
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By the end of June 2014, the Resale Royalty Scheme had generated 2.4 million dollars from more than 8,900 resales, benefiting more than 910 artists. Artists receiving royalties distributed through the scheme grew in 2013-14 by more than 30 per cent when compared with the previous year. The artists receiving resale royalties are diverse and spread across […]
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Aboriginal and Torres Strait Islander artists have earned 50% of all royalties generated so far. The majority of Aboriginal artists who receive royalties when their works are resold are located in remote and very remote areas in the Northern Territory, followed by Central Australia (SA and WA). Australia’s resale royalty scheme began in 2010 and […]
Read MoreOver $1 million in royalties has been returned to Australian artists thanks to the Australian Government’s resale royalty scheme, administered by the Copyright Agency. The scheme provides artists with a five per cent royalty payment from eligible resales oftheir artwork and is an important source of additional income for many practising artists. Copyright Agency CEO Jim […]
Read MoreThe Copyright Agency, in partnership with IAG Productions, has developed a series of easy-to-understand audio messages about the resale royalty scheme in 11 different Aboriginal and Torres Strait languages for remote Indigenous artists. The short message has been produced for community radio and explains what the resale royalty scheme is and how artists can register […]
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