There are many benefits to making your work Open Access. These include:
Open Access "..gives readers extraordinary power to find and make use of relevant literature, and that gives authors and their works vast and measurable new visibility, readership, and impact " Budapest Open Access Initiative (2002)
CC-BY Danny Kingsley & Sarah Brown
https://oaaustralasia.org/benefits-of-open-access/
The citation advantage of Open Access has been well examined over last 15 years, with the majority of studies concluding that there is a significant citation advantage for OA articles. Recently a large scale analysis (over 300,000 publications) concluded that OA articles receive 18% more citations than otherwise expected taking into account age and discipline. Green OA papers (i.e those in repositories such as VU Research Repository) were cited even more i.e. 30% above expectations [Piwowar et all (2018)]
Reach more readers
A report commissioned by Nature found that open access articles were viewed three times more than articles that were only available to subscribers.
The NHMRC's Open Access Policy, updated in September 2022 (with full implementation for all grants by January 1, 2024), aims for immediate open access.
Key Requirements:
The ARC's Open Access Policy, has been in effect for grants awarded since January 1, 2013
Key Requirements:
Plan S is an international open access initiative launched by cOAlition S, a consortium of research funders. Its primary aim is to ensure that all scholarly publications resulting from publicly or privately funded research are made openly available without embargo. Plan S consists of one target and 10 principles.
Funders that are part of cOAlition S include: