The loss of John Nixon, who died on 18 August 2020 aged 70, has robbed the country of an artist of international reputation.
On 21 July 2020 the Government announced that the JobKeeper Payment (‘JKP’) would be extended until 28 March 2021 (i.e., for a further six months beyond its original end date of 27 September 2020).
Along with the rest of the world, those in the art market aren’t going to forget 2020 in a hurry. In July, the Australian and New Zealand Art Sales Digest reported that art auction sales were the slowest in 22 years with $25 million of sales.
As a result of the pandemic and in response to industry concerns about a downturn in the arts, especially in the performing arts sector, the Federal Government announced a $250m arts rescue package and announced it with great fanfare.
'Miss You Antarctica', Moira Finucane and staff zooming our monthly Tax Update.
n 8 April 2020, the Senate resolved to establish a Select Committee on COVID-19 to inquire into the Australian Government’s response to the COVID-19 pandemic. The committee is to present its final report on or before 30 June 2022.
In September the Australia Council published updated Protocols for using First Nations Cultural and Intellectual Property in the Arts. The protocols address key legal, ethical and moral considerations for the use of Indigenous cultural material in the arts.
The Victorian Government is investing $3 billion to help businesses impacted by ongoing restrictions and prepare for COVID Normal business.
We continue to write to you to let you know that in accordance with the Victorian Government Roadmap to reopening ,our office will remain closed until the 26th of October.
As part of our regular series of updates, we have enclosed a number of links to assist our business clients with some policy changes of which you should all be made aware.
On 21 July 2020,the Government announced that the JobKeeper Payment (‘JKP’) would be extended until 28 March 2021(i.e., for a further six months beyond its original end date of 27 September 2020). As a result, JKPs would now be made over two separate extension periods.
Permitted Work - Victoria. Although not strictly an area that we can advise on, we thought we would share these 2 links with you as a service to all of us in Victoria.
To our friends around Australia, our thoughts are with you at this time. We express our sympathies and condolences to those that have lost loved ones during this time.
The Government has announced that JobKeeper payments will continue for 6 months beyond the legislated finish date of 27 September 2020, subject to revamped eligibility rules. There will be 2 tiers of payment rates as part of "JobKeeper 2.0"
There are some changes to superannuation to note from the 1st July 2020; removal of work test to age 67, temporary reduction in super pension minimum drawdowns, early release of super, Super Guarantee Amnesty for Employers.
The State Government has announced a further $534 million Business Support Package to provide more support to help businesses and workers through to the other side of the coronavirus (COVID-19) pandemic.
Despite this, we want to write to you and reassure you that the Melbourne office will still be functioning with only minor disruptions.
When Yvette Coppersmith was fifteen she visited her first Archibald Prize exhibition. “I looked at them all,” she comments “and remember standing there wondering how the artists painted them”.
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.
As you all may be aware, over the last twenty-five years Lowensteins has been very active in attempting to lobby government for changes and improvements to artists’ conditions.
As we are this year faced with the advent of the impact of the Corona virus, many businesses – particularly SMEs – are focussed on surviving, knowing they'll have tax losses (In fact, tax loss utilisation will be an enduring topic of interest because of COVID-19).
Lowensteins Arts Management people working from home.
Covid 19 and it was March the 16th. The MSO was playing Scheherazade to an empty Hamer Hall while the box office team was busy refunding tickets. The hall was eerily quiet after the final notes - where was the eager first clap to start the applause? Someone had to know the music was finished.