Gambler philanthropist David Walsh is pushing ahead with his art phenomenon MONA, now confident of its future.
A potential $37 million-plus dispute Mr Walsh had with the Australian Tax Office, that clouded the edgy Hobart museum's future, has been settled.
"I have entered into a confidential settlement with the Commissioner under which all of their tax disputes are completely resolved," Mr Walsh said in a statement.
The ATO claimed back taxes from 2004-6, alleging that he and and others in a punters' club had been running a $2.4 billion global gambling enterprise that should be taxed as a business.
Gambling winnings in Australia have seldom been taxable. When the case emerged in July, Mr Walsh said then he didn't mind being the first. "I just don't want to have to do it retrospectively."
Today at MONA, he refused to comment on the settlement, except to say that he was relieved.
"MONA is now safe," he said.
"We're planning for the future and we didn't stop planning for the future. Recent events haven't caused us to back off at all."
The $180 million Museum of Old And New Art drew 600,000 visitors in its first 18 months and won the 2012 Australian Tourism Award for best new development.
Mr Walsh has said he was finding about $8 million annually himself to pay its $12 million running costs.
Today he disclosed that he was considering two separate proposals for the next stage of development at Berriedale on the Derwent in Hobart's north - a $20 million hotel.
One is a high rise the same height as the iconic Wrest Point casino to "bookend" the city. The other would wrap around the Derwent foreshore about the same height as MONA.
Mr Walsh was speaking at the launch of a new national campaign by the Australian Republican Movement, which hopes to spark conversation on the theme: "who do we want to be?", to which Mr Walsh added: "when we grow up".
"It does seem possible to expand our boundaries by not having a notional connection that isn't really there, to an empire that barely exists any more anyway.
"And also for me there's the strong and worthwhile connection to Asia that is somewhat occluded by this notional British connection."