Copyright is what that is generating majority of the income in the music industry.
A quote which i found that fully described the theme copyright; "An Act for the Encouragement of Learning" - Statute of Anne of 1770
Copyright in Music covers all elements of a published item of printed music, including the composition, arrangement, edition, lyrics (and translation), editorial comments or markings and any images included in the music cover or the item itself.
The creator of the music: composer, lyricist or the artist are usually the initial copyright owners.
In addition, the copyright owners can assign, sell, lease or license the copyright to third party in various different cases.
There are 3 major copyrights collecting societies in Australia. Organisations like APRA, AMCOS & PPCA collect on behalf of copyright owner.
They are mainly national, non-government, non-profit organisation representing the interests of record labels and recording artists.
The present Australian copyright law comes from the Copyright Act, a Commonwealth statute, and from court decisions. The Copyright Act came into operation on 1 May 1969, and has been amended many times since then, most recently in December 2006. The current Copyright Act replaced an earlier Act, which was based on UK copyright law.
The government-appointed committee whose report led to the introduction of Australia's current Copyright Act said:
The primary end of the law on this subject is to give to the author of a creative work his just reward for the benefit he has bestowed on the community and also to encourage the making of further creative works.
In copyright law, the objective of encouraging the creation of new works is balanced by the objective of making material available for socially desirable purposes such as research and education.
Richard Schulenberg, 2005, Watson-Guptill Publication. The Legal Aspects of the Music Industry.
http://www.copyright.org.au/information/purposes-sources/wp0013
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