The art world was abuzz this week with the announcement that the Australia Council is reforming the selection process for Australia’s representation at the Venice Biennale.

Australia’s presence at the world’s most prestigious art fair is funded through a mix of public and private support. The federal government chips in funding through the Australia Council, but donors and philanthropists like fashion mogul Naomi Milgrom and merchant banker Simon Mordant – current and former “independent commissioners” to Venice – also dig into their own pockets to help.