The Queensland Government, through Arts Queensland has joined forces with the Centre for Social Impact to research one of the central themes to emerge from the Creative Australia Stream at the 2020 Summit in April 2008.

The debate over how to provide funding to support greater innovation, resilience and diversity in the Australian arts revolves around interest in new models of funding support for the arts and artists and concern that the current model limits the development of individual artists and opportunities for philanthropists.

Similar discussions are happening around the world as the global financial crisis continues to impact on the sector.

The Centre of Social Impact study will scan the arts funding system in Australia to find out if the needs of individual artists are being met and to see which programs are delivering the best outcomes for quality creative content.

The report: Arts Plus: New Models, New Money will research current financing programs in Australia, both private and public, to find out who is benefiting from the funds.

It will also explore models from overseas and from different sectors of the economy and explore the types of incentives which can help artists and benefactors achieve their goals. The report, due to be completed mid-year, will also recommend options for new models of financing for further detailed exploration.

Arts Queensland has also instigated a review of the impact of Australian and international taxation regimes on artists and arts organisations, to see which schemes best support artists and encourage private sector support for the arts.

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We welcome feedback and contributions to Arts Update. Please contact the editor, Colleen Turner on (07) 3225 8841 or email artsupdate@arts.qld.gov.au