BREAKING NEWS |
| Tom Lowenstein's Recent Submission to the Australian Competition and Consumer Commission (ACCC) and the Victorian Minister of the Arts regarding Trust Accounts for the Galleries Artists generally find it very distressing and distasteful to request their galleries for payments and are reluctant to confront them. There is no legal, moral, or financial justification for galleries using artists' monies, without the artists' consent, as their working capital. The only way in which to ensure that the present gallery system is not used to the disadvantage of artists, is for galleries to operate Trust Accounts for their artists, similar to Solicitors and Estate Agents Trust Accounts. Read more... |
| Tom Lowenstein's Recent Submission to the Minister for the Arts regarding the "Integrity Measures" Rulings of 2000 and 2005 Affecting the Visual Arts Sector "In my capacity of Executive Director of the Australian Artists Association, I am making a submission regarding the 'Integrity Measures' rulings of 2000 and 2005, which affect the visual arts sector. In June 2000, the Government introduced 'integrity measures' [Legislation dealing with the losses from non-commercial activities] which are having serious consequences for some artists. "... Read more... |
| Where there is a will, there could still be trouble! Over the past few years, I have been confronted with numerous problems in my capacity as Executor, mediator or advisor to Deceased Estates. Many of the problems that occurred arose from homemade Wills, and sometimes from Wills prepared by lawyers... Read more... |
| The Financial Crisis and the Visual Arts in Australia, by Tom Lowenstein The art market cannot be thought of as a single monolithic structure. It has all the complexities that one would associate with a huge multi-million dollar industry, and different parts of the market have been and will be affected differently by the economic decline. Read more... |
| Further tax tips The Australian Tax Commissioner Michael Carmody recently identified his intention to pay closer attention to small-medium size business and individuals on issues of tax obligation compliance and work related deductions. Read more... |
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