In a first for the arts industry, Michael Fox will participate in The Australian Financial Review flagship event, the AFR Super & Wealth Summit, taking place on Monday, October 26, 2026, at the Crown Promenade, Melbourne.
He will be presenting to a high-calibre audience representing the peak of Australia’s financial sector, including institutional superannuation trustees, C-suite wealth executives, Chief Investment Officers, private bank leaders, and family office directors controlling major investment capital.
This is an overdue recognition for the role that alternative assets, specifically artworks and collectibles, can play in wealth strategy, following the changes to tax rules in the 2026 Federal Budget impacting negative gearing and capital gains.
According to the April 2026 Public Discussion Paper in the development of the new National Cultural Policy:
‘In 2023-24 cultural and creative activity contributed $67.4 billion to Australia’s economy and employed over 591,000 people. Beyond direct economic contribution, culture fosters creativity, design thinking and problem-solving capabilities, and is increasingly recognised as important for innovation and productivity in the workforce.’
Consultation for the new National Cultural Policy began in 2025 and public submissions concluded on 24 May 2026, less than a fortnight after the Federal Budget was brought down. Taxation of the arts should not be seen as a silo separate to the evolution of Australian cultural policy. They are inextricably linked and more so than before the advent of the 2026 Federal Budget.
At the AFR Super & Wealth Summit, Michael will be participating in a panel session titled “The Capital Gains Reset.”
He will be discussing the following topics:
- how to unpack the personal use rules
- valuation timing
- record-keeping
- changes to high-value asset liquidations (fine art, luxury goods) under the updated CGT framework
Overall, The Capital Gains Reset panel brings together key asset leaders to break down how incoming tax reforms will reset investment strategies, capital flows, and holding periods across property, private equity, art, and listed markets.
For more information about the AFR Super & Wealth Summit, please visit:
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Image details:
David Boyd
Over the Mountains (1957/8)
Oil on masonite
88cm by 118cm
Signed and dated ‘David Boyd 1957/8’ lower right
Provenance:
Collection of David and Hermia Boyd
Thence by descent, Private Collection, Melbourne
Exhibited:
‘Explorer Series,’ Australian Galleries, Melbourne, 1958
Literature:
Nancy Benko, ‘The Art of David Boyd,’ Lidums, Adelaide, 1973, (illustrated p. 18).