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Issue Highlights: Tribute to Robert Jacks How to avoid an ATO fine Emily Floyd Review The Budget and how it effects you www.lowensteins.com.au TaxTax MattersMatters forfor thethe ArtsArts NEWSLETTER SEPTEMBER 2014 Robert Jacks 1943 - 2014 The Honourable Paul M Guest OAM QC gave a eulogy for ROBERT JACKS AO at the National Gallery of Victoria on 20 August 2014, below is an excerpt. It is by the exemplification of Robert’s life, so well lived, and the command of his masterly professionalism that we whose life he has touched through his art and his wide-embracing presence, remember Robert’s legacy with pride, deep affection and the utmost respect. The creative mastery, the virtuosity, We remember all of this and feel the wisdom Our respective memories of Robert are of this most remarkable man will be of his consciousness, his unyielding built upon the firm foundation of gratitude, memorialised in October this year when individuality and the conceptual process affection and unfeigned respect. His legacy the National Gallery of Victoria will present through which he created outstanding and will endure and remain undiminished with a survey of Robert’s professional career memorable works of art, sculpture, prints, the passing of the years, for it is woven – “Order and Variation”, a fitting tribute to etchings and artists books. into the very fabric of our own lives and an artist who has emphatically influenced, To Julienne, Ellie, Angie, Nick and the resonates in the great galleries of Australia in a kaleidoscopic variety of ways, both broad family, we convey our authentic and and elsewhere in the world. contemporary art in Australia and the profound sympathy. 1) Robert Jacks, Past Unfolded, (Fine Art Publishing, separate lives of us all. Robert was a traveller, for whom the world 2001). Robert’s history from the seminal, otherwise had no boundary. His journey to New York 2) Untitled, Portraits of Australian Artists, Sonia highly controversial Field Exhibition of in 1968 was legendary and a vital source Payes. (Macmillan Art Publishing, 2007, p 182). hard-edged Colour-Field Paintings in for his early development. 1968 and over four further decades has Robert soared above adversity. He never Robert Jacks: Order and Variation will be on been meticulously recorded in many boasted of his triumphs, and they were at the National Gallery of Victoria from the 3rd exhibitions, essays and books – including many, but lived his life under the banner of October 2014 – 15 February 2015. the monograph by Ken McGregor.1 honesty, propriety and dignity. www.ngv.vic.gov.au Robert Lindsay described Robert’s creative energy as “ … boundless and restless – the approach that of a ‘universal man’ who moves easily across all aspects of contemporary art practice, blurring the lines between object and image, painting and sculpture, between fine art and craft” and how “he remained faithful to his commitment to abstraction and continued to refine the elegance of his technical virtuosity and intellectual discipline”.2 We honour his passion; his decency; his penetrating intellect; his gentle, sophisticated and worldly, gregarious nature; his quiet courage; the supremacy and analytical rigour of his art and, above all, his unconquerable, independent and unselfish spirit. Artwork top: Metropolis 6 1984, oil on canvas, 183.0 x 152.0 cm, Estate of the artist, Victoria © Robert Jacks Portrait above: Robert Jacks, 2009, Image courtesy of National Gallery of Victoria LOWENSTEINS ARTS MANAGEMENT NEWSLETTER SEPTEMBER 2014 :1 Avoid a tax office fine by lodging returns on time With the Australian Tax Office but in some cases where the amount report, an annual goods and service tax having increased penalties of prior year tax is above a certain (GST) return or an annual GST Information for late tax returns, it’s a threshold , the date may be earlier , we will Report. timely reminder to ensure contact those clients who have an earlier While there are some exceptions and lodgement date. you have your tax affairs in conditions, in general a FTL can be order in readiness for an early The quarterly BAS statements avoided if forms are lodged on time or the ATO is contacted ahead of the due date. lodgement. Quarter Self Lodge If there are extenuating circumstances as Lodging with Tax The ATO has introduced new, much higher Agents to why you can’t lodge your tax return or ‘Failure to Lodge’ (FTL) penalty amounts. ‘Approved Forms’ by the due date, the SEP 28 Oct 25 Nov The government has revised penalties ATO may make an allowance but will need from the basic penalty of $110 up to $850. DEC 28 Feb 28 Feb to be notified ahead of the due date. Perhaps it’s also worth noting that a MAR 28 Apr 26 May If you are unable to lodge a document by the due date, you should contact us to see FTL is NOT tax deductible and once the JUN 28 Jul 25 Aug Australian Tax Office has imposed a FTL if an alternative date can be agreed to with the Australian Tax Office. penalty upon you, it will attract interest These dates cover the majority of our until it is paid. clients, but in certain circumstances these Also be warned that the Tax Office can hit So the sensible course of action would dates may be different for certain classes you with a penalty of 25% of the shortfall be to avoid being hit with a FTL in the of tax payer. We will be in contact as these amount for Not Taking Reasonable Care. first instance as that will take care of the dates approach. Generally this occurs when the Tax accumulating interest! The ATO is obliged to issue a Failure to Office deems that you did not do what a The due dates are as follows: Lodge penalty if you are late lodging an reasonable person would have done. For income tax returns where the prior ‘approved form’ by the due date. Approved In justifying its penalties and fines, the ATO years return has been lodged using the Forms include a Business or Instalment argues that it is “to encourage taxpayers services of a tax agent Activity Statement (BAS, IAS), an income to take reasonable care in complying with tax return, a fringe benefits tax return, a their tax obligations.” 15th May each year pay as you go (PAYG) withholding annual Now that’s a positive way of looking at it! Accounting for Taste Sydney book launch On 2nd March 2014 Lowensteins Arts Management celebrated the launch of their book documenting the Lowensteins Arts Collection. “Accounting For Taste” has been written by Professor Sasha Grishin. In Sydney the book was launched by John Olsen, and Edmund Capon at the Olsen Irwin Gallery. In attendance were artists Charles Blackman, Ken Unsworth, John Beard, Hilarie Mais, Kerrie Lester and photographer Gary Heary. Prof. Sasha Grishin, John Olsen Accounting for Taste can be purchased & Tom Lowenstein online for $88 at www.lowensteins.com.au. Charles Blackman & Tim Olsen John Olsen John Olsen & Edmund Capon LOWENSTEINS ARTS MANAGEMENT NEWSLETTER SEPTEMBER 2014 :2 Emily Floyd Steiner Rainbow by Emily Floyd, 2006, MDF, two-part epoxy paint dimensions variable (approx. 181 x 361 x 180 cm) Courtesy of the artist and Anna Schwartz Gallery Sydney and Melbourne To say life has been busy and bright colors, inspire a connection “in a new direction”. for Melbourne artist, Emily between art, learning and play. “I like the NGV’s approach to modernism Floyd, in recent months is an Art and play is also the centerpiece and this will be a thoughtful exploration”, understatement. of Floyd’s ‘Abstract Labour’ - a new she says, an “encounter with a audience permanent addition to the sculpture park on a big scale”. The 42-year-old contemporary artist is at Heide. The 14 painted letter-shapes Perhaps giving a hint of what’s to come, starting to lose her voice just hours after have been designed to house books and Floyd says visitors to the NGV will be able arriving in Brisbane to deliver a speech at blocks for children to play with and reflect to “explore, sit within, read and occupy this the opening of the ‘Harvest’ exhibition at Floyd’s interest in alternative educational space in a different way”. mechanisms for learning. the Queensland Gallery of Modern Art until “I used to wag school to go to the NGV, so 21st September 2014. Floyd describes the Heide exhibition as I’m really thrilled to be invited to participate The exhibition is a celebration of food in “a tiny world within a world offering an in an exhibition of this magnitude”, Floyd art and Floyd is full for praise for the 150 exploration of ideas”. says. works on show. While the artist is no stranger to executing Of her new commission for the NGV foyer, After the formalities are over, Floyd is back big projects, notably Melbourne’s Eastlink Floyd says “it’s a distinct sense of scale, on a plane to Sydney where she is working Motorway, the Docklands and the Rialto large scale major new works.” Tower Development, Floyd is excited by on a public commission for Martin Place. Floyd says the NGV project is her forthcoming exhibition at the National And there’s likely to be little rest for the the culmination of many years of Gallery of Victoria. respected artist who, in March, opened a dedicated work. To be opened in late November, Floyd survey of her works at Heide Museum of “I’ve been working so hard over 15 years says she’s “thrilled to be working with the Modern Art in Melbourne.