Cooper Review: 06.07.2010
The Cooper Review into Superannuation recommends Australians who manage their own super funds be banned from adding “collectables and personal use assets” to their portfolios and many artists and galleries are worried about the ramifications.
All paintings, fine art, coin and stamp collections, racehorses, exotic cars, boats, antiques, wine and golf club memberships sitting in any of the nation’s 423,000 self-managed super funds will have to be sold.
Read the full article in the Australian:
Other good articles in Lowenstein’s Arts Management April/May 2101. Tax_Matters_for_the_Arts_Apr_May_10
Many PGAV will be adversely affected by the proposed changes – see media release.
