Category: General
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How do I update my details?
To update personal information and contact details, you can log into the RRA portal and make changes. To update declarations or any other information, please email us at kiaora@resaleroyalties.co.nz
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What is the process for claiming an unpaid resale royalty?
RRA will periodically inspect and audit published auction sale results to monitor compliance with the Act and Regulations. However, because we rely on art market professionals and other stakeholders in the Scheme to notify us of resale payments that are due on qualifying resales, we may occasionally not be aware of a qualifying resale. A […]
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Can the Auction House put a fee on top of the sale to cover that 5%? Is it on the hammer price?
The resale royalty payable is calculated at 5% of the “resale value” of the qualifying resale (section 16). Section 10 says that “resale value” means: “the value of the consideration given for the visual artwork under the contract for resale”. This may include: It does not include: So, the Auction House / Art Market Professional’s […]
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Does the Resale Royalty apply to Universities that are publicly funded?
Just because a University receives some public funding for its operations, does not make it a “publicly funded art gallery” or “a publicly funded archive that collects and displays artworks”. Universities receive funds and revenue from many sources. Any artworks the University has collected and displayed may have been purchased other than with public funds […]
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How do you define ‘limited number of copies’?
The Act does not define what a limited number of copies is, although there is provision in the Copyright Act that a 3 Dimensional artwork that has fewer than 50 copies produced is copyright protectable, so this might be a useful benchmark. We suggest using good faith best efforts to do your due diligence in […]