Header
about | contact | sitemap | home
Mesothelioma

What is Mesothelioma

Pleural Mesothelioma

Peritoneal Mesothelioma

Pericardial Mesothelioma

Risk Factors

Symptoms

Stages

Asbestosis

Mesothelioma Treatment

Treatment Options

Treatment by Stage

Chemotherapy

Medical Procedures

Imaging Scans

Types of Doctors

Clinical Trials

Clinical Trials Directory

Cancer Care Centers

Mesothelioma Specialists

Alternative Therapies

Asbestos

Types of Asbestos

Asbestos Industry

Asbestos History

In the Workplace

Asbestos Legislation

Asbestos Removal

Legal Help

Your Legal Rights

Choosing an Attorney

The Legal Process

Evaluating Your Case

Hardie Moves Step Closer to Finalizing Fund

November 17, 2006 - James Hardie Corporation announced today that it could finalize its asbestos compensation deal after a positive ruling from the tax office.  The Daily Telegraph reported that, after several set-backs, the company expects that the proposed fund, set up to compensate Australians with asbestos-related personal injury claims against former James Hardie subsidiaries, can now move forward.

Whether the fund would ever begin to compensate victims has been in doubt since an Australian Taxation Office (ATO) ruling in June this year said that the special purpose fund (SPF), worth up to $4.5 billion over 40 years, could not be treated as a charity for tax purposes.

"James Hardie will now move to finalize an amended FFA (final funding agreement) and related agreements with the NSW Government so that all relevant documents can be signed as soon as possible and lender and shareholder approval sought," the company said.

The company and the government of New South Wales (NSW) must first execute an amended FFA, and other conditions must also be satisfied, including the NSW Parliament passing facilitating legislation, said the newspaper account.

"The resolution of these issues involves uncertainty and there can be no assurance that obtaining the ATO rulings will lead to a finalization of the amended FFA that is required to resolve the position," James Hardie officials said.  "However, James Hardie believes that obtaining the ATO rulings is an important milestone in implementing the funding proposal."

The company hopes to hold a shareholders meeting in early February to approve the deal. 

 

Free Mesothelioma Information Pack

Mesothelioma Packet Enter your information to receive a free mesothelioma information packet in 24 hours.

First Name:

Last Name:

Address:

City:

State:

Zip:

Telephone:

Email Address:

Is it possible you
or someone you
know has
mesothelioma?
Yes   No

frequently asked questions
glossary
job sites

Shipyards

Metal Works

Powerhouses

Other Job Sites

mesothelioma

Current News

Archive

California's state rock causes a legislative stir

Many believe that the asbestos found in serpentine makes it a bad choice for a state icon

Ser ...

Campaigning for an official Mesothelioma Awareness Day The next step in campaigning against the adverse health impacts of asbestos exposure and its resulting disease ...

David King family campaigns to raise awareness of mesothelioma cancer

When David King died of malignant mesothelioma at the age of ...

Secretary at Iron Company Develops Mesothelioma

Group Offers Asbestos Removal Kit

Labor Union Searching for Former Shipyard Workers

Support

Coping Process

Managing Pain

Nutrition

For the Caregiver

Feelings After Diagnosis

Dealing with Symptoms

Practical Issues

Relationship Issues

Wills and DNRs

Resources