A new art scheme

Some years ago, I suggested to S that one way that the aboriginal community could be funded was by imposing a 5% "tax" on all artwork - especially artwork when it was re-sold, often at prices much higher than had been paid to the original artist. Imagine my surprise yesterday when I heard on the news last night that such a scheme - a "royalty" collecting scheme - with the proceeds being paid to the original artist (rather than putting into a central fund as I had suggested) was about to "go live". This was the first I had heard about it and I'm just wondering if the art world has heard more about it and whether there is a collection scheme or some sort of infrastructure in place to handle it. (I've had other ideas as well ... but look how long it took for the iPad to eventuate!!!!!)