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Review of Private Sector Support for the Artswith income, or at times capital, from the fund applied across the sector and in the nationalinterest, and the fund being ‘topped up’ from time to time. Such a fund could be administeredby an independent body, perhaps along the lines of the current Future Fund, but must beconstructed in such as way that it concentrated on major projects and opportunities and did notcome to be viewed as a substitute for existing heritage funding support from state entities orprivate benefactors.The billion dollar, one-off Centenary of Federation Fund supported major projects throughoutAustralia; including a transforming contribution to the NGV’s building development fund; andachieved magnificent results, the benefits of which are still being felt throughout Australia.Imagine the long-term effects of a permanent fund along these lines. This would bring instantlyrecognisable results, and would be popular with the public.Establishing a National LotteryIn the UK, France and several other countries the national lottery has developed into a highlysuccessful vehicle to deliver funding to the arts and other eligible sectors. It is of course, ineffect, an indirect form of broad community giving, but without the tax benefit (or cost to thegovernment). Australia’s state based system may create challenges for such a vehicle,however, we would support further analysis of the idea of a lottery whose surplus was directedtowards DGR institutions such as the NGV, or alternatively potentially directed towards theNational Heritage Fund as described above. Funds could be allocated to sectors, bid for orprovided on the basis of matching funding or some combination.--End--7 July 2011 14