A Deductible Gift Recipient (DGR) is an organisation with a tax status that allows donors to make tax deductible gifts of over $2 to the organisation. It’s an incentive for donors – you would have seen the wording ‘donations over $2 are tax deductible’ – and some grant makers and philanthropic bodies can only fund … Continued
On 15 June 2017 the Treasury released a consultation paper to consider possible reforms to the Deductible Gift Recipient (‘DGR’) tax arrangements. The Arts Law Centre of Australia provides this letter by way of response to the request for submissions and comments on the proposal.
Arts Law is teaming up with Creative Partnerships Australia and the Australian Taxation Office to present a free workshop to provide managers and staff of arts organisations with essential tips and advice on taxation law.
Arts Law is a passionate supporter of the Indigenous Australian Art Code of Commercial Conduct (Art Code) which was introduced in 2010. Today, Arts Law showed its continued support of the Art Code by lobbying the Federal Government to make the Art Code mandatory.
Arts Law advocates for effective governance frameworks within the arts sector to provide stronger ethical and economic support to artists. Arts Law campaigns against governance policies which impose unnecessarily burdensome administrative obligations on non-profit organisations while supporting best practice standards of transparency and accountability. Arts Law also closely monitors the impact of tax law and Australian Tax Office rulings on artists. It advocates for clearer and more effective frameworks governing tax implications which address the ways in which professional artists carry on a business. On this front, together with the National Association for the Visual Artists, Arts Law has lobbied against the removal of laws permitting artwork to be held in superannuation funds.
Arts Law submission to the Australia Council for the Arts on how the Australian Indigenous Art Commercial Code of Conduct will impact on Indigenous Artists.
Arts Law made a submission in relation to an inquiry by the Commonwealth Treasury into financial reporting for unlisted public companies regarding financial report for not for profit (NFP) companies operating in the arts.
After 7 years of advocacy by Arts Law and advocacy partner, National Association for the Visual Arts (NAVA), the Australian Tax Office has made a public ruling on what it means to be carrying on a business as a professional artist.
Arts Law was actively involved in joint advocacy strategies with NAVA and supported by tax lawyers Judy Sullivan and Jill Savage of Mallesons as well as Delia Browne in getting a public ruling which properly recognises the way artists carry on their arts businesses.