A Shorten Labor government plans to ease the pressure on irregular artist income by allowing artists to average their income over multiple years.
As music artists are not on fixed wages, one good year couple be surrounded by multiple bad years. In allowing artists to average their incomes over multiple years the scheme is designed to address the problems artists encounter where they may receive large amounts for work that took years of little to no income to develop.
Labor plans to expand and simplify the scheme to address artists who pay high rates of tax in one year or receive a grant or commission inflating their incomes.
The Shorten Labor government under Arts minister Tony Burke plans to end income ‘exposure’ for artists.
Labor’s new Arts policy is also provide resources to the music sector and live music to benefit Australian culture. Labor wants to see music taught in every school, exported overseas and celebrated in local venues.
Labor will provide $20 million for an Australian Music Live Music Fund to support live music venues, hotels, restaurants, cafes, festivals and precinct events. Sounds Australia will receive $10 million to support music exports and live music, a new recording program of $100,000 per year will be introduced, $2.1 million will go to Australian Independent Record Labels Association (AIR) to provide mentoring programs for female musicians and key industry roles and $3.5 million will be put towards stage 3 of Woodford Festival’s plan to transform its facility to be used all year round for arts and music programs.