Commonwealth Consolidated Regulations

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RESALE ROYALTY RIGHT FOR VISUAL ARTISTS REGULATIONS 2021 - REG 8

Notice of commercial resale

  (1)   For the purposes of paragraph   28(2)(c) of the Act, the following information is taken to be sufficient detail in a notice of commercial resale:

  (a)   the date of resale;

  (b)   the GST inclusive sale price;

  (c)   whether the seller acquired the artwork on or after the commencement date of the resale royalty right arrangements to which the Act relates;

  (d)   the medium of the artwork or a description of the artwork;

  (e)   the artist's name (if known);

  (ea)   if the artist's name is not known--that fact;

  (f)   the country of which the artist is a citizen or permanent resident (if known);

  (fa)   if the country of which the artist is a citizen or permanent resident is not known--that fact;

  (g)   whether the artist is alive (if known);

  (ga)   if whether the artist is alive is not known--that fact;

  (h)   if the artist has died--the year of the artist's death (if known);

  (ha)   if the artist has died and the year of the artist's death is not known--that fact.

Note:   The commencement date of the resale royalty right arrangements referred to in paragraph   (c) is 9   June 2010.

  (2)   Despite subregulation (1), other information included in a notice of commercial resale may be taken to be sufficient detail for the purposes of paragraph   28(2)(c) of the Act.



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