The Illustrators license allows you to use your artwork anywhere in the world, and the license never expires. You may use the asset in print, presentations and online. However, you may not share or distribute the asset in any way that would let others use the asset without licensing it themselves.
The Standard License grants unlimited usage to a client without restricting usage by The Illustrators. The Illustrators retain the image copyright and have the right to remarket the illustration to another client and use it for self-promotion.
The Extended License grants unlimited usage to a client without restricting usage by The Illustrators. The client cannot resell the illustration to another company, nor can The Illustrators. The Illustrators retain the image copyright and may use the illustration for self-promotion.
Copyright in Australia
There is no system of registration for copyright protection in Australia. Copyright protection does not depend on publication, a copyright notice, or any other procedure. Copyright protection is free and automatic from the moment your work is on paper, harddrive, or otherwise put into “material form” —Australian Copyright Council
Transfer of Copyright
Upon completion of a copyright transfer a client assumes title and proprietorship of an illustration. The new owner may resell the illustration, alter or create derivative images, license the image and transfer copyright.