❓ Mr. Hyde questions the Minister for Culture and the Arts about insurance costs for touring exhibitions at WA arts agencies, particularly AGWA and the WA Museum, inquiring about government indemnity practices and Treasury's advice.
AnsweredQoN 6195Legislative Assembly
QuestionView source ↗
In relation to the insurance costs charged to host touring exhibitions at the Art Gallery of Western Australia (AGWA), Western Australian Museum and other arts agencies, I ask:
(a) is the Minister aware that the British Government indemnifies it’s flagship art galleries and museums for insurance costs incurred in bringing in headline overseas exhibitions;
(b) what are the insurance costs incurred for the
Princely Treasures: European Masterpieces 1600 - 1800 from the Victoria and Albert Museum
opening at AGWA this week;
(c) what advice did Treasury give the Minister’s office, department or agencies regarding who should pay the insurance costs for this exhibition;
(d) what were the insurance costs?
(e) what have been the insurance costs for each of the visiting overseas and interstate exhibitions at AGWA, Western Australian Museum and other arts agencies in the Minister’s portfolio since the election of the Barnett Government, and who paid or indemnified these costs?
(a) is the Minister aware that the British Government indemnifies it’s flagship art galleries and museums for insurance costs incurred in bringing in headline overseas exhibitions;
(b) what are the insurance costs incurred for the
Princely Treasures: European Masterpieces 1600 - 1800 from the Victoria and Albert Museum
opening at AGWA this week;
(c) what advice did Treasury give the Minister’s office, department or agencies regarding who should pay the insurance costs for this exhibition;
(d) what were the insurance costs?
(e) what have been the insurance costs for each of the visiting overseas and interstate exhibitions at AGWA, Western Australian Museum and other arts agencies in the Minister’s portfolio since the election of the Barnett Government, and who paid or indemnified these costs?
AnswerView source ↗
Answered
1 November 2011
Responded by
Minister for Culture and the Arts
Response time
40 days
WA Museum
(a) Yes.
(b) Not applicable.
(c) Not applicable.
(d) Not applicable.
(e) [See tabled paper no....]. Note, where RiskCover is named as the insurer, the insurance was covered by the WA Museum's existing insurance policy with them. The Museum's annual fund contribution to RiskCover has averaged around $600,000 per annum over the current and two previous financial years. For all other exhibitions in the table, insurance costs have been covered by the lending institution.
In relation to the
Extraordinary Stories
exhibition from the British Museum, RiskCover advised that due to the high value of the exhibition this would not be covered under existing insurance arrangements but would require "one-off" insurance. This was obtained by the British Museum through an insurer in London for $40,000, with the cost being borne by the WA Museum prior to the exhibition commencing.
Art Gallery of Western Australia
(a) Yes.
(b) $77,665.00 (ex. GST).
(c) That the Art Gallery should insure for any potential loss and damage to the exhibition through RiskCover.
(d) $77,665.00 (ex. GST).
(e) Interstate exhibitions are covered by the policy with the Gallery's insurance provider RiskCover.
In addition to State indemnity, a further $80,000 (ex. GST) of insurance coverage paid for
Great Collections of the World - Peggy Guggenheim: A collection in Venice
by the Art Gallery.
Other Agencies
Not applicable.
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(a) Yes.
(b) Not applicable.
(c) Not applicable.
(d) Not applicable.
(e) [See tabled paper no....]. Note, where RiskCover is named as the insurer, the insurance was covered by the WA Museum's existing insurance policy with them. The Museum's annual fund contribution to RiskCover has averaged around $600,000 per annum over the current and two previous financial years. For all other exhibitions in the table, insurance costs have been covered by the lending institution.
In relation to the
Extraordinary Stories
exhibition from the British Museum, RiskCover advised that due to the high value of the exhibition this would not be covered under existing insurance arrangements but would require "one-off" insurance. This was obtained by the British Museum through an insurer in London for $40,000, with the cost being borne by the WA Museum prior to the exhibition commencing.
Art Gallery of Western Australia
(a) Yes.
(b) $77,665.00 (ex. GST).
(c) That the Art Gallery should insure for any potential loss and damage to the exhibition through RiskCover.
(d) $77,665.00 (ex. GST).
(e) Interstate exhibitions are covered by the policy with the Gallery's insurance provider RiskCover.
In addition to State indemnity, a further $80,000 (ex. GST) of insurance coverage paid for
Great Collections of the World - Peggy Guggenheim: A collection in Venice
by the Art Gallery.
Other Agencies
Not applicable.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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