2018 has been a very busy year here at Lowensteins. With over 3000 clients all over Australia , it is important to take some time to reflect on what we have achieved.
Early last year the Directors decided to launch a scholarship awarded to final year arts students at four tertiary institutions. Monash, Melbourne, RMIT and Deakin University.
The art world has faced many challenges and possibilities. One of the most exciting developments that we in the arts face is the advent of blockchain technology in the trading and cataloguing of art.
First four images from top: Opening of ArtChain Gallery, Box Hill, 28 November 2018
From 1 July 2019, businesses seeking to tender for Commonwealth Government procurement contracts over $4 million (inclusive of GST) will be required to provide a statement from the ATO that indicates that they are compliant with their tax obligations.
For many dancers, ageing means a move from performing into teaching and choreography, yet Shelley Lasica, one of the country’s most individual and influential performers for thirty years, has no intention of stepping off the stage; from her earliest years she has also taught, mentored and created work for herself and others.
Falling Through the Gaps: Our Artists’ Health and Welfare by Dr Mark R.W. Williams, a Melbourne solicitor specialising in copyright law and the theatre, has almost sold out nationally.
Artist, Ian Wieczorek, who moved from the UK to the Republic in 1992, says that the country is justifiably proud of its creative heritage, especially its storytelling traditions and literary luminaries like Beckett, Joyce, Yeats and Heaney.
In the previous edition of Lowensteins' Newsletter, we advocated a radical need to reform the tax system as it affects Australian artists. We have had positive feedback about this suggested reform from several clients in the arts community.
We were saddened to learn of the passing of Charles Blackman on 20 August 2018, shortly after his 90th birthday. Charles Blackman was one of the most beloved and revered Australian painters. His subject matter - drawn from literature, music, theatre, overseas travel and his lived experience - revealed an enquiring mind and erudite imagination.
When I heard that people were planning another Melbourne Art Fair to be held in the middle of a Melbourne winter in tents, I had the impression that it would be a half-baked affair and not a patch on the glory days when it was held at the Royal Exhibition Building every two years.
In September it was with an air of familiarity and excited anticipation that I crossed the threshold of Carriageworks in Sydney’s Redfern for the third iteration of Sydney Contemporary - the premier art fair in Australia.
Utilising a trusted mortgage advisor is now more important than ever given that lender policies, products, niches and pricing change daily. For example, Westpac's recent decision to end all SMSF lending thereby reducing the number of lenders available for these particular products.
We were also saddened to learn of the passing of another nonagenarian, the iconic Australian artist and extraordinary Melburnian, Mirka Mora. She emerged, phoenix-like, from the ashes of Europe, arriving from France with her husband, Georges, in 1951.
Together with the rest of the arts community, we were shocked to learn of the premature death at the age of 51 of Richard Giblett.
Opening night speeches, Baldessin/Whiteley Parallel Visions, NGVA, 30 August 2018
Deakin University Donors Dinner
Charles Blackman memorial, AGNSW, 8 September 2018
Public lecture on Blockchain Technology, Sydney Contemporary, 14 September 2018
In a report dated July 2018, the Australian Tax Office (ATO) indicated that there has been a large increase in the claims being made by individuals for work-related expenses.
On Tuesday 8 May 2018 Treasurer, Scott Morrison, handed down the 2018-19 Federal Budget, his third budget. This Budget is most likely to be an election budget (and certainly the last full Budget before the next Federal election).
On the 24 May 2018, the government introduced the Treasury Laws Amendment (2018 Superannuation Measures No 1) Bill 2018 to give an amnesty for employers who have failed to pay superannuation entitlements on behalf of their employees.
Once again this year , we are very pleased to announce that we will be offering you an opportunity to take up Audit Insurance.
Taxation treatment of the arts is one of the many issues that have been neglected by governments of all persuasions over the last eighteen to twenty years. Now it is time to start a serious conversation about tax reform for the arts.
Deborah Conway and Willy Zygier are in the middle of making another album. It hasn’t got a name yet, says Conway, but after a few gigs to warm up, in August they’ll head to a recording studio in Melbourne, where they live.
Motor Vehicle Claims to be scrutinized by the ATO. The ATO has announced that it will be closely examining claims for work-related car expenses this tax time as part of a broader focus on work-related expenses.