Articles
Accounting for Taste: The Lowensteins Arts Management Collection
The Melbourne Review, January 2014. By Sasha Grishin
 
 
Tom Lowenstein's personal art stash Painting by numbers: Tom Lowenstein's personal art stash
11 January 2014. By Gina McColl
Adobe Acrobat PDF PDF 126KB
 
 
Resale Royalty Scheme
2013 Review of the Resale Royalty Scheme. Joint submission by Lowensteins Arts Management and Banki Haddock Fiora.
Adobe Acrobat PDF PDF 226KB
 
 
S*x, Death and Taxes - A rough guide to MONA
By Miriam Grundy

Read this article from Miriam Grundy.
Adobe Acrobat PDF PDF 26KB
 
 
Tax Laws - A letter to Simon Creen November 2012
Read the latest article from Tom Lowenstein.
Read Letter
 
 
Don't Sit On Your Arts - Tom Lowenstein
Read the latest article from Tom Lowenstein.
Read Submission
 
 
Submission to Bill Shorten November 2011
Read the submission submitted by the Australian Artists Association to Bill Shorten.
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Submissions
Read the response from Simon Crean to the submission submitted by AAA.
Read Submission
 
 

Submission to Simon Crean October 2011
Read the submission submitted by the Australian Artists Association to Simon Crean.
Read all submissions

 
 

Super Art Exposure Draft Released
The Assistant Treasurer has released exposure draft regulations that amend the Superannuation Industry (Supervision) Regulations 1994 to include rules relating to self managed superannuation fund (SMSF) investment in collectables and personal use assets.
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AAA Formal Submission in relation to the drafting of Tax Laws - Investment in Collectables & Personal Use Assets
The Australian Artists Association (AAA) hereby makes its submission in response to the Media Release No.022 issued by the Assistant Treasurer and Minister for Financial Serves and Superannuation, The Hon. Bill Shorten MP on 1 February 2011.
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BREAKING NEWS
An interim report by the Cooper Review has recommended that: The acquisition of collectables and personal use assets by Self Managed Superannuation Funds be prohibited; and that the Self-Managed Superannuation Funds which own collectables and personal use assets would be required to dispose of those over a ten year period.
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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...
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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...