Loan granted to replenish asbestos fund
A government loan will help replenish the James Hardie asbestos fund.
Australia (Mesothelioma Cancer News) – The dwindling James Hardie asbestos fund will reportedly get assistance from the Rudd Government. As reported by The Daily Telegraph, Prime Minister Kevin Rudd is expected to announce a loan agreement from the Federal Government, which will provide $360 million to help provide compensation for dying asbestos victims who would have been negatively affected by the compensation fund’s previously reported shortfall.
Asbestos Diseases Foundation president Barry Robson is quoted in the report as stating of the news, “That’s great news. There were some fears among some of the victims’ groups.” Robson further expressed that the group had gained confidence that James Hardie would resume making payments into the fund as global economic conditions improved, after a meeting with the company’s board earlier in the year.
Mesothelioma Cancer News provides news and information on asbestos attorneys and law.
Online Mesothelioma News Legal News Distribution - mesotheliomacancernews.comOther News / Press Releases
- Tobacco company wins asbestos suit
- Workers exposed to asbestos - tests confirm
- Tests confirm no asbestos contamination off site after fire
- EPA discusses sampling at BoRit site
- Lung Cancer treatment advances show promise
- Chicago asbestos attorney John Cooney of Cooney & Conway in the mesothelioma news
- Maritime asbestos exposure claims investigated
- Asbestos warning issued to thieves
- Summerlin asbestos findings continue
- New York City urged to continue asbestos exposure reduction