On my last visit to Sydney over the Queen’s Birthday Weekend, I travelled off my normal well-worn track of Paddington to the newly relocated galleries in the south of Sydney.
On Tuesday 9 May 2017 Treasurer Scott Morrison handed down the 2017-18 Federal Budget, his second Budget.
In his Budget Speech the Treasurer reported a deficit of $29.4bn for 2017-18. However, the government forecasts this to improve to a surplus in of $7.4bn by 2020-21. The Budget expects the economy to grow at 2.75% in 2017-18 and 3.0% in 2018-19, supported by growth in household consumption, exports and a transition to non-mining business investment.
The Directors and staff at Lowensteins wish Tamara a very fond farewell and say thanks for serving in her role as Director of NAVA with great distinction and absolute commitment.
In our last edition , we looked at the criteria that the Australian Tax Office (ATO) consider when they examine whether an artist is carrying on a bona fide arts practice.
Housed in a former rag trade warehouse, fortyfivedownstairs is a gallery and performance space tucked up the top end of Flinders Lane in Melbourne’s art gallery strip.
It has come to our attention that 457 Visa changes will affect the Cultural Sector. The Lowensteins are looking into this issue and will report further as more details become available. For more details, visit http://www.border.gov.au/Trav/Work/Work/Skills-assessment-and-assessing-authorities/skilled-occupations-lists/removed-skilled-occupations
We have decided to prepare a series of ’Fact Sheets‘ that encapsulate basic information on how to start an arts business and, once started, how to successfully run this endeavour. In this edition of the Newsletter we will outline the steps that artists need to take to ensure that they are making tax claims as a ‘business’.
It is with great sadness that we’ve learnt of the untimely passing of Philip Hunter. The Lowensteins wishes to express its deepest condolences from to the artist’s family and friends.
After not attending the fair for two years it was a great pleasure to be able to travel to the Art Basel Hong Kong Art Fair that covered a whole week of events from the 21 to 25 March 2017 at the Hong Kong Exhibition Centre.
Following our move to the Albert Road premises in Melbourne, we undertook a major rehang of the art works. The new exhibition of art in our Melbourne office has helped us display a portion of our collection in the best manner possible.
Our recent office move to South Melbourne has given us the opportunity to initiate changes to Lowensteins' operations which will result in an improvement to the services that we offer our clients.
The Government has announced that $80 million, the majority of funds from Catalyst will be transferred to the Australia Council from 1 July 2017, with the Department of Communication and the Arts keeping $2 million for arts funding.
Adelaide-born painter Sydney Ball has died aged 83. Ball was born in 1933, and moved to New York in 1962 where he enrolled at the Art Students League and studied under Theodoros Stamos. It was a time when he was exposed to the rise of the Abstract Expressionist movement and rubbed shoulders with Mark Rothko, Lee Krasner, Barnett Newman, Robert Motherwell and Willem de Kooning.
ATO’s enhanced data matching program
The ATO has announced that they will be enhancing their data matching program to incorporate all types of information from three major sources: share registries, credit card companies and online selling companies.
Congratulations to Alexandra Walker, who was the 2016 recipient of the Lowensteins prize awarded by the Arts Faculty of the Victorian College of the Arts (VCA).
We are pleased to announce ABC Arts's Creatives - a season of five half hour biopics on significant established and emerging Australian artists. "Rosemary Valadon: A Sensual World" will be screened on Tuesday 4 April, 10pm, and available thereafter on ABC iView.
It is with great sadness that we have learned of the passing of Robert Rooney on March 21 at the age of 79; and we express our depest condolences to his family and friends. An obituary of the artist will appear in one of our newsletters.
We warmly congratulate Raymond Arnold on winning the 2017 Glover Prize. The artist’s painting, titled La Barque de Dante/Macquarie Harbour Party Barge, was unanimously selected as the winning entry by judges Ben Quilty and Eleonora Triguboff and Dr Mary Knights.
It is with great sadness that we received the news of the passing of Sydney Ball at the age of 83.
As if the issue of superannuation isn’t complicated enough, following the Budget announcements regarding superannuation, along comes another Treasury announcement containing draft legislation to amend the reform package.
Celebration of a great Australian artist. Currently showing at the NGV at Federation Square is an exhibition by renowned Australian living legend, John Olsen.
After years of battling government and the Australian Tax Office on behalf of the arts sector - a frustrating process to say the least - I believe there is a positive undercurrent beginning to emerge within the visual arts community.
In October 2016, the Baldessin Press launched its inaugural print folio. It was a wonderful function held in the Red Rotunda room of the State Library of Victoria.
As you know, Lowensteins is constantly searching for value-add of offerings so that we can provide the best possible service to our clients. Audit Shield is, a tax audit insurance solution which provides cover in the event of an tax audit, enquiry, investigation or review.