Australian Mesothelioma compensation fund

The Australian compensation fund for persons suffering asbestos conditions, including mesothelioma, set up by James Hardie has reimbursed the NSW government the moneys loaned by it.

As a result of the GFC, the profits of James Haride, which were linked to payments they are to make into the compensation fund, were low so the James Hardie fund needed to borrow some money from the New South Wales Government.

As a result of a successful court case in respect to tax liabilities, the James Hardie fund has been able to repay the moneys they borrowed from NSW.

On 22 May 2012, the Australian newspaper reported that so far, James Hardie has contributed about $556m to the asbestos compensation fund.

Asbestos compensation claims in Australia, such as court claims involving the asbestos condition malignant mesothelioma, are expected to continue for decades.

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