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About the artists resale royalty scheme

 

Under the artists resale royalty scheme:

  • commercial resales of artworks must be reported; and
  • a 5% royalty is payable on some resales.

The Australian government has appointed Copyright Agency to manage the scheme.

 

Key features of the scheme:

  • it applies to resales of existing as well as new works;
  • it applies to a range of original artworks, included limited edition prints authorised by the artist;
  • it does not apply to a private sale from one individual to another;
  • a royalty is not payable on the first change of hands after 9 June, but all resales must be reported;
  • a royalty is not payable on resales for under $1,000;
  • the scheme will be extended to artworks from countries that have similar schemes.

About Copyright Agency

 

Copyright Agency is a non-profit company that has been managing rights for authors, artists, publishers and others for more than 20 years.

 

Contact Copyright Agency for further information

If you have a question about the Resale Royalty Scheme, Copyright Agency or any other matter, please fill in our general enquiry form here.

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