Aussie Art Dealers Lament New Royalties Law

“The royalty, part of Labor’s arts policy at the 2007 election, comes into effect on June 9. After that date, artists and their estates will be entitled to a 5 per cent royalty when their works are resold for more than $1000 in Australia. But commercial galleries across the nation are anxiously preparing for the start of a scheme they only barely understand.”