Beruflich Dokumente
Kultur Dokumente
http://www.nla.gov.au/creative.nation/invest.html
taxation incentives
Taxation incentives encourage the involvement of the private sector in cultural funding in partnership with the Government. Through tax incentive programs the Government also encourages self-reliance and viability of the cultural sector and funds this through foregone revenue. These programs do not replace other forms of government funding, which are aimed at specific cultural objectives. They do, however, have an important role in supplementing other government programs and in directly involving the community in cultural endeavours and in a sharing of the cost. In the case of tax incentive schemes, government spending is only activated by private donations or investment and is directed by spender preferences. An area where there is potential for improvement, is corporate sponsorship of the arts through section 51(1) of the Income Tax Assessment Act. In 1993 it was estimated that the proportion of "public benefit" expenditure on the arts under section 51 was only seven per cent - the arts coming behind sport (40 per cent), community welfare (35 per cent) and education (18 per cent). However, the same survey revealed that small to medium size companies have become the new patrons of the arts. The Government will assist the cultural sector to tap into this emerging source of corporate support. A review of corporate and private support of cultural endeavour will examine the results of a comprehensive national survey and analysis of business sponsorship of culture under section 51(1). This study has just commenced, in partnership with the Australian Bureau of Statistics. To address the need for stronger corporate sponsorship alliances a joint committee of the Australia Council and representatives of the business community will investigate and develop mechanisms to enhance opportunities for corporate and private support of the cultural sector. This will be complemented by a review of donation programs. Education and information programs will be further developed to help the cultural sector realise its potential in these areas, with an emphasis on attracting corporate sector support.
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http://www.nla.gov.au/creative.nation/invest.html
sponsorship
Partnerships with business through sponsorship arrangements (also tax deductible) are a growing source of assistance to many areas of the arts. The cultural sector competes with other sectors for business sponsorship through section 51(1) of the Income Tax Assessment Act. It was estimated that $57.2 million was spent in corporate sponsorships involving the cultural sector in 1993, and through an Australia Council initiative outlined above the Government will act to increase business sponsorship.
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