Indigenous Australian Art Commercial Code of Conduct and Resale Royalty Scheme

Posted by Central Art Aboriginal Art Store | 16.08.10

The last few months has seen the introduction of the "Indigenous Australian Art Commercial Code of Conduct" ("the Code") and the "Resale Royalty Scheme" (“the Scheme”) both of which seek to regulate the sale of indigenous Australian artwork to provide transparency and fairness to the sale process and provide additional remuneration to the artist when their artwork is re-sold.

At present art galleries and art dealers are being asked to become signatories to the Code on a voluntary basis. The intention is that the obligations under the Code will become mandatory at some point.

The Scheme came into effect on 9 June 2010 and (unlike the Code) is mandatory. The Scheme requires a royalty to be paid to the Copyright Agency Limited ("CAL") when Australian indigenous artworks are re-sold. CAL is then responsible for distributing the royalty to the artist or their heirs. The Scheme only applies to artworks acquired by the seller after 9 June 2010 where the resale price exceeds $1000.

See the Central Art website for more details.

URL: http://www.aboriginalartstore.com.au/news/2010/08/indigenous-australian-art-comm.php

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Contact Details

Gallery: Central Art Aboriginal Art Store
Contact: Sabine Haider
Email: info@aboriginalartstore.com.au
Telephone: +61 8 8952 1711
Address: PO Box 567 Alice Springs Alice Springs 0871 NT

 

 

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