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.
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.
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.
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).
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.
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.
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.
ART, POLITICS, MONEY: Revisiting Australia’s Cultural policy
RMIT - Luisa Hansal
Luisa lost her younger brother tragically this year and went on to make work that dealt with the physical and emotional dimensions of loss in an unflinching and unsentimental way. She now has a studio at The Artery.
When we were moving our offices to Albert Road, the directors and I had an engaging discussion about finding a prominent spot for a painting by Alun Leach-Jones at our new premises. Earlier this year, we attended to a much more solemn exercise: drawing up the estate inventory of the artist, who passed away on Christmas Eve, December 24.
The WorkSafe Premium Policy Team has just published a new Contractors and Workers Guideline on the WorkSafe website which is summarised below for your convenience. The guideline has been simplified into easy steps which assist in identifying if an individual is a common law worker, a deemed worker or if they are carrying on an independent business.
It is with deep regret that we have learned of the passing of our dear friend and talented photographic artist, Polixeni Papapetrou, after a prolonged and courageous battle with cancer.
Just a friendly reminder that for those clients who wish to lodge their 2017 tax returns without incurring any nasty penalties and fines, you have up until May 15 this year to do so. Please arrange to send your paperwork in to Lowensteins or, alternatively, make a time to see one of our accountants to get this tax return all sorted before the due date of 15 May 2018.
Artist, Konstantin Dimopoulos - who is currently working on a range of projects in the USA - was born in Port Said, Egypt, to Greek parents and grew up at the mouth of the Suez Canal until the age