This is the home page for information about James Hardie and asbestos compensation
Following is the text of the most recent statement James Hardie has issued on asbestos compensation: 9 February 2007 James Hardie pays initial A$184.3 million to AICF An initial payment of A$184.3 million was made to the Asbestos Injuries Compensation Fund (AICF) by James Hardie today in accordance with the long-term funding arrangements endorsed by security holders on 7 February 2007. The transfer of the initial payment satisfies the final condition precedent to the Amended and Restated Final Funding Agreement (Amended FFA). The commencement date for the Amended FFA becoming fully operational is 9 February 2007. The first annual payment is due on 1 July 2007. The AICF will now assume the role of processing asbestos-related personal injury claims made against certain former James Hardie group subsidiaries. James Hardie Chairman Meredith Hellicar said: "We are delighted to have made the first payment to the Fund under the agreement supported by our security holders this week. Like many, we have been looking forward to making this a reality for a long time". "I'm sure this viewpoint will be shared by the many stakeholders who have worked with us to finalise the funding arrangements."
End
KPMG Reports Here are KPMG Actuaries' valuation of asbestos related disease liabilities of former James Hardie entities as at the following dates:
James Hardie statements
Here is a list of all the statements James Hardie has made about asbestos compensation, with the most recent at the top. Click on a link to open the PDF of the complete statement. You can also register to receive an email alert when we add news about asbestos compensation to the website.
2007 09.02.07 Announcement - James Hardie pays initial A$184.3 million to AICF
An initial payment of A$184.3 million was made to the Asbestos Injuries Compensation Fund (AICF) by James Hardie today in accordance with the long-term funding arrangements endorsed by security holders on 7 February 2007.
 73K; text 07.02.07 Announcement - James Hardie asbestos compensation proposal approved
James Hardie security holders overwhelmingly voted to approve the long-term compensation funding arrangements for asbestos-related personal-injury claims against certain former group subsidiaries at an Extraordinary General Meeting held in Amsterdam, the company announced today.
68K; text
2006 21.11.06 Announcement - James Hardie and NSW Government sign Amended FFA
James Hardie and the NSW Government today executed the Amended and Restated Final Funding Agreement (Amended FFA) to compensate Australians with asbestos-related personal injury claims against former James Hardie subsidiaries.
87K; text
15.11.06 Announcement - Update on FFA - Extension to 22 November 2006
James Hardie today advised that it and the NSW Government have agreed to extend the deadline for satisfaction of certain conditions precedent to the Final Funding Agreement (FFA) until 22 November 2006. The current deadline expired on 14 November 2006.
80K; text
09.11.06 Announcement - Positive ATO rulings for proposed asbestos funding arrangements
The Australian Taxation Office (ATO) has provided James Hardie, the proposed Special Purpose Fund (SPF) and others with private binding rulings that the company believes will deliver an acceptable tax outcome for the proposed SPF set up to compensate certain Australians with asbestos-related personal injury claims against former James Hardie subsidiaries.
83K; text
01.11.06 Announcement - Update on FFA - Extension to 14 November 2006
James Hardie today advised that it and the NSW Government have agreed to extend the deadline for satisfaction of certain conditions precedent to the Final Funding Agreement (FFA) until 14 November 2006. The current deadline expired on 31 October 2006.
82K; text
02.10.06 Announcement
James Hardie today advised that it and the NSW Government have agreed to extend the deadline for satisfaction of certain conditions precedent to the Final Funding Agreement (FFA) until 31 October 2006. The current deadline expired on 30 September 2006.
69K, text 15.09.06 Announcement
James Hardie today provided an update on discussions with the NSW Government and Australian Taxation Office (ATO) aimed at resolving outstanding matters relating to the Final Funding Agreement (FFA) signed between James Hardie and the NSW Government in December 2005.
69K, text 01.09.06 Announcement
James Hardie today advised that it and the NSW Government have agreed to extend the deadline for satisfaction of certain conditions precedent to the Final Funding Agreement until 30 September 2006.
80.17K, text
01.08.06 Announcement
James Hardie today advised that the NSW Government has extended the deadline for satisfaction of certain conditions precedent under the Final Funding Agreement (FFA) to 31 August 2006. The extension recognises the fact that the company is currently in discussions to resolve outstanding matters with the Australian Taxation Office (ATO) and the NSW Government.
52.26K, text
29.06.06 Announcement - ATO decision on JH contributions to Special Purpose Fund
The Australian Taxation office (ATO) today advised that James Hardie's contributions to the Special Purpose Fund (SPF) would be tax deductible over the anticipated life of the arrangements in accordance with the recent "blackhole expenditure" legislation which was enacted in April this year.
59K; text
23.06.06 Announcement - ATO decision on tax exempt status of SPF
The Australian Taxation Office (ATO) today advised it has refused to endorse the Special Purpose Fund (SPF) as a tax concession charity. The SPF was established under the Final Funding Agreement entered into by James Hardie and the NSW Government on 1 December 2005 to manage future asbestos compensation payments.
50.25K; text
15.05.06 Results for Q4 and Full Year FY06
- Full year operating profit excluding asbestos provision up 63% to US$208.9 million
- Asbestos provision recorded
James Hardie today announced that its 4th quarter and full year results have been substantially affected by the recording of a net provision for estimated future asbestos-related compensation payments (asbestos provision) of US$715.6 million at 31 March 2006.
The asbestos provision contributed to a decrease in operating profit from continuing operations for the three months ended 31 March 2006, down from US$46.3 million in fiscal year 2005 to a loss of US$650.9 million. For the full year, the operating profit from continuing operations fell from US$127.9 million in fiscal year 2005 to a loss of US$506.7 million.
For the 4th quarter, operating profit from continuing operations, excluding the asbestos provision of US$715.6 million, increased 40% compared to the same quarter last year, to US$64.7 million. The strong 4th quarter operating performance lifted the full year operating profit from continuing operations, excluding the asbestos provision, by 63% to US$208.9 million.
 All documents relating to the Q4 and full year FY06 Results 
An updated KPMG Actuaries' Valuation Report for James Hardie (to 31 March 2006) was filed with this announcement
 685.54K 
2005
16.12.05 Announcement
James Hardie today announced it is continuing discussions with the Federal Treasury to obtain full tax deductibility of the proposed voluntary contributions it will make to the Special Purpose Fund (SPF). The Company is also seeking to obtain tax exempt status for the SPF.
49.33K
01.12.05 Announcement
James Hardie Industries NV (JHI NV) today announced that its Board has approved the Principal Deed (Final Funding Agreement) to provide long term funding for Australian asbestos-related personal injury claims that result from exposure to products made by former James Hardie Group subsidiaries.
67.73K
View the accompanying Analysts' PowerPoint Presentation 113.91K 29.11.05 Announcement
James Hardie Industries NV (JHI NV) today said that negotiators for JHI NV had reached substantial agreement with the New South Wales Government on the Principal Deed and related agreements for the provision of long term funding to meet expected future compensation claims of Australians affected by asbestos related injuries as a result of exposure in Australia to products made by former James Hardie Group subsidiaries.
49.4K 21.11.05 Announcement
In recognition of the launch of National Asbestos Awareness week, James Hardie today provided the following update on the status of its negotiations with the NSW Government to achieve a long-term compensation arrangement.
49.7K
17.08.05 Announcement
James Hardie Industries NV ("James Hardie") today provided the latest update regarding the progress of activities to achieve a long-term voluntary funding arrangement in relation to Australian personal injury asbestos-related disease claims ("the Principal Deed").
47.15K 21.06.05 Announcement
The Premier of New South Wales, the Hon Bob Carr, today announced an extension of the timetable for the signing of the Principal Agreement between James Hardie and the NSW Government in relation to the company's voluntary long-term asbestos compensation funding proposal. Under the new timetable, both parties are working towards signing the Principal Agreement in late July/early August 2005.
47.15K - James Hardie statement; 57.77K - Premier's statement 16.05.05 Report
In conjunction with the release of its Q4 and Full Year results, James Hardie also filed with the ASX a Valuation Report from KPMG Actuaries
490.67K 15.04.05 Statement
The Board of James Hardie Industries NV (JHI NV) today confirmed that it would extend the coverage of the Special Purpose Fund (SPF) to permit members of the Baryulgil community (former asbestos mine workers and residents) to receive compensation funding from the SPF for valid and proven claims against the former Group subsidiary, Asbestos Mines Pty Ltd. The decision follows a review of the status of Asbestos Mines Pty Ltd in the context of the proposed SPF and the principles agreed to and set out in the Heads of Agreement.
49.83K
31.03.05 Statement
James Hardie notes that the Premier of New South Wales, the Hon Bob Carr, today provided an update on the timing of the Principal Agreement to be signed between James Hardie and the NSW Government.
The updated timetable announced by the Premier, with the signing of the Principal Agreement to occur in early June, reflects the complexity of the legal and administrative issues surrounding the establishment of the Special Purpose Fund designed to compensate legitimate Australian asbestos-related personal injury claims against certain former James Hardie group companies.
49.14K
Read the NSW Premier's statement 28.4K
24.03.05 Statement
In the absence of clarity on the liability position of Marlew Mining Pty Ltd (formerly Asbestos Mines Pty Ltd), Amaca Pty Ltd and ABN60 Pty Ltd, James Hardie is reviewing their status in the context of the Baryulgil mine and the proposed Special Purpose Fund and the principles agreed to and set out in the Heads of Agreement. James Hardie has released a statement providing information on the current position and some relevant history of the Baryulgil mine.
51.54K
08.03.05 Statement
James Hardie Industries NV (JHINV) has acknowledged the NSW Government's recommendations as a positive first step towards establishing a more efficient system, following its Review of Legal, Administrative and Other Costs in Dust Diseases Compensation Claims.
50.20K
The Premier of NSW has issued a media release in response to the Review
36.2K
27.01.05 Statement
James Hardie today responded to Asia compensation queries. James Hardie was a joint venture investor in companies which manufactured products containing asbestos in Malaysia from 1966 and Indonesia from 1969.
47K
2004
21.12.04 Statement - Heads of Agreement signed
James Hardie Industries NV (JHI NV) today announced it had signed a Heads of Agreement with the Australian Council of Trade Unions (ACTU), Unions New South Wales, asbestos support groups and the New South Wales Government, to provide long-term funding of asbestos related personal injury claims against former JHI NV companies. James Hardie made a voluntary funding proposal to the Jackson Commission in July 2004 and is pleased to have now reached agreement on the principles on which James Hardie will provide voluntary funding.
118.56K
View the accompanying Analysts' PowerPoint Presentation 145.23K
08.12.04 Update on negotiations for long-term funding agreement
James Hardie has provided an update on the current state of negotiations between James Hardie, the Australian Council of Trade Unions and Unions New South Wales and asbestos support groups (together, the ACTU and Representatives), regarding long-term funding of compensation for personal injury claims against former James Hardie companies now owned by the Medical Research and Compensation Foundation (MRCF) arising from exposure to asbestos in products manufactured or supplied by those companies.
50.55K
The purpose of this update is to provide some key facts in relation to the negotiation process. In part, this information is being provided due to recent public speculation which has questioned James Hardie's commitment to achieving a long-term financial agreement as soon as is possible to ensure the payment of legitimate claims.
25.11.04 Announcement
James Hardie Industries said the Medical Research and Compensation Foundation (MRCF) was misguided in asserting there were strings attached to money which had been paid by ABN 60 to support claims from asbestos victims. 47.29K
22.11.04 Results announcement
Documents presented at Q2 FY05 Results announcement included an updated report from KPMG Actuaries.
KPMG Valuation of asbestos-related disease liabilities 904.89K
18.11.04 Announcement
James Hardie today welcomed the government's announcement of its intention to conduct a review of current asbestos compensation arrangements in NSW. With the government now involved the company hopes to achieve an outcome suitable to all stakeholders.
263.48K
Read the Premier's media release 229.36K
16.11.04 Announcement
Asbestos victims with legitimate claims will have access to further funding under new arrangements offered by James Hardie Industries NV.
39.48K
25.10.04 Statement
James Hardie Industries NV today wrote to the Medical Research and Compensation Foundation reaffirming its preparedness to provide assistance regarding the MRCF's interim liquidity position.
James Hardie also expressed its surprise at the apparent immediacy of the MRCF's claims. The MRCF only last month rejected as no longer necessary James Hardie's offer to provide interim financial assistance, following an approach from the MRCF that it was approaching a liquidity issue in late August. James Hardie reiterates that it is in no-one's interests to have the MRCF placed in a position where it is unable to pay legitimate claimants.
37.86K
18.10.04 Statement
James Hardie has confirmed its commitment to achieving a sustainable long-term, compensation solution for asbestos disease sufferers as quickly as possible, Chairman, Meredith Hellicar said today. Ms Hellicar said she was surprised at comments today from the ACTU that it was concerned about the progress of negotiations on a funding outcome which commenced two weeks ago. "We are absolutely focused on getting an outcome as quickly as possible," Ms Hellicar said.
37.56K
13.08.04 Statement
Response to questions from the Commissioner in the Special Commission of Inquiry, concerning James Hardie's proposed statutory scheme.
26.54K
12.08.04 Statement on Funding Asbestos Compensation
On July 14 the Board of JHI NV announced that it was prepared to recommend to shareholders funding of an appropriate NSW statutory scheme to ensure compensation for asbestos injuries for claimants against the former James Hardie subsidiary companies.
38.55K
28.07.04 Statement
Submissions by all parties to the Special Commission of Inquiry into the Medical Research and Compensation Foundation (MRCF) have been publicly released today.
James Hardie CEO Mr Peter Macdonald said submissions have been made on behalf of more than a dozen individuals and groups aside from JHI NV. Many of these submissions contain disputed allegations against JHI NV and other parties.
24.89K
19.07.04 Announcement
The Board of James Hardie announced today that it has established a committee of the Board to oversee the company's further participation in the Special Commission of Inquiry into the Medical Research and Compensation Foundation (MRCF).
31.73K
14.07.04 Statement
The Board of James Hardie announced today that it would recommend that shareholders approve the provision of additional funding to enable an effective statutory scheme to be established to compensate all future claimants for asbestos-related injuries caused by former James Hardie subsidiary companies.
23.39K
30.06.04 Statement
James Hardie has issued a statement that it will provide a comprehensive response to the Issues paper released today by the Special Commission of Inquiry into the Medical Research and Compensation Foundation
24.48K
07.06.04 Release and report
James Hardie today provided to the Special Commission of Inquiry into the Establishment of the Medical Research and Compensation Foundation (MRCF), and the ASX, an independent actuarial review of future asbestos liabilities of the former James Hardie subsidiaries Amaca and Amaba, now held by the MRCF.
The review was prepared by KPMG Actuaries (KPMG) for James Hardie and ABN 60 Pty Limited (formerly James Hardie Industries Limited) and assesses actuarial advice provided by Trowbridge Consulting between 1996 and 2003.
Read the full media release 24.42K
Read the complete report 918K
Letters to Editors
Following are letters that James Hardie has written to the Editors of various publications, correcting errors made in their reports about James Hardie's asbestos compensation proposal. Click on a link to open the PDF of the complete letter. You can also register to receive an email alert when we add news about asbestos compensation to the website.
- 11.10.06 Letter to the Editor - The Australian
James Hardie has written to the editor of The Australian in response to the article written by Ean Higgins, “Hardie gets warning on indemnities”, which was published in The Australian on 9 October 2006. The article repeats many of the claims made in Mr Higgins’ article of 4 October 2006 and, like that article, contains many inaccuracies.
22.04K
- 04.10.06 Letter to the Editor - The Australian
James Hardie has written to the editor of The Australian in response to Ean Higgins' article "Indemnity for Hardie directors 'unlawful'" which appeared in the Australian on 4 October 2006. Mr Higgins is wrong in asserting that James Hardie is acting unlawfully by providing indemnity to current and former officers who may be under investigation by ASIC. Indemnities for the purpose described in the company's Form 20-F are standard corporate practice and in James Hardie's case specifically limit indemnification to what is permitted by law. James Hardie believes that all such indemnities are in accordance with the relevant corporations law in each country where they apply.
32.53K
- 03.10.06 Letter to the Editor - Daily Telegraph
James Hardie has written to the editor of the Daily Telegraph in response to the article by Peter Gosnell, “Hardie gets another reprieve”, which appeared in the Daily Telegraph of 3 October 2006. The statements that negotiations “had been slowed by the Australian Tax Office” and that “changes the ATO made to the final funding agreement…are now prolonging the fund’s negotiations” are incorrect.
16.01K
- 22.09.06 Letter to the Editor - The Australian
James Hardie has written to the editor of The Australian in response to Robert Clow’s “Criterion” article published in the Australian on 21 September 2006. The article once again repeats a number of myths which continue to be purported as facts by your newspaper. Regrettably, this is not the first time these errors have had to be pointed out to The Australian.
24.36K
- 21.09.06 Letter to the Editor - Sydney Morning Herald
James Hardie has written to the Editor of the Sydney Morning Herald, noting that Elizabeth Knight’s article on 20 September 2006, “Hardie – no gain, plenty of pain”, unfortunately suffers from some unbalanced reporting of some key facts.
23.67K
- 21.09.06 Letter to the Editor - The Daily Telegraph
James Hardie has written to the editor of the Daily Telegraph, in response to the paper's editorial of Wednesday 20 September 2006, “What promises”. The editorial contains a number of myths about James Hardie which continue to be perpetuated by your newspaper as fact.
The statement, “the building products conglomerate has battled every inch of the way to avoid its obligations to former employers (sic),” is incorrect and misleading in the extreme. (We assume the reference to “employers” should be to “employees”.)
15.6K
- 20.09.06 Letter to the Editor - The Australian
James Hardie has written to the Editor of The Australian, Ean Higgins (“Outrage as Hardie becomes American”, 20 Sep 2006) must have been at a different James Hardie AIM from the one I attended. There was one question asked at the AIM concerning the nationality of incoming directors, but to call this “outrage” is a gross exaggeration. It is a valid question and it received a considered response indicating the rationale behind the company’s planned board renewal.
14.5K
- 10.08.06 Letter to the Editor - The Australian
James Hardie has written to the editor of The Australian in response to the article by Janet Albrechtsen, “Hardie do the right thing? Don’t hold your breath” published in The Australian on 9 August 2006. The article suggests Ms Abrechtsen relied simply on previous inaccurate media reports for much of her information and has reached her conclusions without checking her facts.
49.5K
- 28.07.06 Letter to the Editor - The Australian
James Hardie has written to the editor of The Australian in response to the article by Anthony McClellan, "Politicians smooth the way for Hardie" published on 27 July 2006. Mr McClellan failed to contact James Hardie in relation to his story and by his own admission relied on the "media overall" as his source. Given the significant impact media reporting has on shaping public opinion it is disappointing his article was published without any attempt to check the facts. The article is extremely misleading. An unfortunate result of mistruths being repeated in the media is that those who are not close to the issue end up believing that what is reported is fact.
26.83K
- 26.07.06 Letter to the Editor - the Daily Telegraph
James Hardie has written to the editor of the Daily Telegraph to advise that, contrary to the suggestion that James Hardie has “failed to act” on meeting with the Australian Taxation Office (“Hardie snubs Howard plea”, Daily Telegraph, July 24, 2006), the company and its advisers have been in ongoing contact and discussions with the ATO for more than 16 months, including discussions in recent days over the Prime Minister’s suggestion to meet and resolve the remaining tax issues. This point was made to the Daily Telegraph journalist covering the story on Monday.
29.7K
- 30.06.06 Letter to the Editor - The Canberra Times
James Hardie has written to the editor of The Canberra Times in response to the paper's editorial on 29 June 2006 which the company says contain deveral errors and false accusations.
26.8K
- 17.03.06 Letter to the Editor - The Sydney Morning Herald
James Hardie has written to the editor of The Sydney Morning Herald in response to a letter to the Editor querying the rationale behind James Hardie's application for tax deductibility for its proposed payments to the voluntary asbestos compensation fund.
26.95K
- 09.03.06 Letter to the Editor - The Daily Telegraph
James Hardie has written to the editor of The Daily Telegraph in response to The Daily Telegraph's article of Wednesday 8 March 2006, Hardie Victims Unpaid. The suggestion that asbestos victims are are not being paid is inaccurate, mischievous and, importantly, will cause undue concern and confusion among claimants and their families.
26.52K
- 07.12.05 Letter to the Editor - The Australian
James Hardie has written to the editor of The Australian to advise that, contrary to the assertion made in Ean Higgins' article in The Australian on Wednesday 7 December, Trailed by Asbestos, at no stage during negotiations over the Principal Deed for asbestos-related injuries did James Hardie Chairman Meredith Hellicar seek release from liability – civil or criminal - for James Hardie directors and officers.
It is a matter of public record that Ms Hellicar attended the initial meeting with the ACTU, Unions NSW and asbestos support groups in early October 2004. Since that time, all negotiations have been undertaken by management and advisers on behalf of the company. At no stage has any non-executive director, including Ms Hellicar, attended or been involved in negotiations with the NSW Government, the ACTU, Unions NSW or asbestos support groups. In addition, no non-executive director, including Ms Hellicar, has been involved in discussions with ASIC on the subject of releases or extinguishments of liability.
22.08K
- 07.12.05 Letter to the Editor - The Canberra Times
James Hardie has written to the editor of The Canberra Times, in response to its editorial on December 3, 2005, (Swan gets it wrong on Hardie 'deal'), which from beginning to end is a diatribe designed to portray every activity undertaken by James Hardie in a poor light and which has been written with little or no regard to readily available facts.
24.97K
- 07.12.05 Letter to the Publisher - Australian Financial Review
James Hardie has written to the Publisher of the Australian Financial Review in response to the paper's article of December 2 2005 Profit will end the pain. The article stated, "right down to the wire, the company fought to change the deal" and that, "at the scheduled time for signing the agreement, at 11am, [Chairman] Hellicar was still refusing to sign [the final funding agreement] until a clause was changed to give the company more time to sue unions and asbestos victims over past protest actions and boycotts". These statements are absolutely incorrect and defamatory of Ms Hellicar.
25.47K
- 19.09.05 Letter to the Editor - National Indigenous Times
James Hardie has written to the Editor of the National Indigenous Times in response to Mr Ken Rowsthorne's article in the "A sideline glance" column on Thursday 1 September 2005. In his article, Mr Rowsthorne stated, "James Hardie has delayed the finalisation of the agreement made with the state government and in conjunction with ACTU President Mr Greg Combi [sic] and associate trade unions." This is incorrect.
22.36K
- 12.09.05 Letter to the Editor - Sydney Morning Herald
James Hardie has written to the Editor of the Sydney Morning Herald in response to journalist Michael Evan's article in the CBD column on Thursday 8 September 2005, "Hardie can spend loot on victims". Mr Evans suggests that, "Perhaps the group could redirect a few extra bucks it makes out of contracts in Louisiana, Mississippi and other hurricane affected areas to its asbestos victims?"
Mr Evans appears not to have noticed that James Hardie agreed, in December 2004, the commercial principles of a deal which will have exactly the effect he is advocating.
25.3K
-
05.09.05 Letter to the Editor - The Australian
James Hardie has written to the editor of The Australian in response to journalist Michael West's article in The Weekend Australian on Saturday 27 August 2005, "Hardie ha-ha". In his article, Mr West ignored the facts and reiterated a rumour created by The Australian newspaper that James Hardie is looking to leave Australia. Mr West's assertion that "Team Hardie is set to be working up another restructuring. This time, the aim is to sell off the Australian business to fund the compo payout while relisting in the US," is false and unsupported. Please refer to our letter to The Australian of 18 August 2005, debunking this ludicrous claim.
22.72K -
26.08.05 Letter to the Editor - The Herald Sun
James Hardie has written to the editor of The Herald Sun in response to the paper's editorial of Tuesday 23 August "Insult to Injury" concerning the issue of tax and payments proposed to be made by James Hardie to an asbestos compensation fund. The editorial makes a number of claims that are untrue and unfairly demonises the attempt by James Hardie to develop a sustainable Principal Deed to meet asbestos compensation claims.
20.76K -
26.08.05 Letter to the Editor - The Sunday Herald Sun
James Hardie has written to the editor of The Sunday Herald Sun in response to the paper's editorial of Sunday 21 August, "Shame the shameless". By making a number of statements that are untrue and selectively editing statements made by James Hardie executives, the editorial generates an inflammatory article critical of James Hardie and its management.
21.85K -
26.08.05 Letter to the Editor - The Australian
James Hardie has written to the editor of The Australian in response to the paper's stories of Saturday 20 August, "Hardie stalls on $1.7bn payouts" and "Hardie may quit Australia as US operation gains strength". Contrary to what the articles suggest, James Hardie remains committed to its operations in Australia.
21.23K -
18.08.05 Letter to the Editor of the Australian
James Hardie has written to the Editor of The Australian in response to The Australian's story of Saturday 13 August, "Hardie board bid to desert victims".
This article makes a number of claims that are untrue, unsupported and highly damaging to efforts by James Hardie and the NSW Government to achieve a Principal Deed in the best interests of claimants and the future viability and growth of the company. Contrary to the article, the Board of James Hardie is united and committed in its aims of achieving the Principal Deed as soon as possible.
28.58K
- 13.08.05 Company announcement
James Hardie rejects accusations as scare-mongering
James Hardie continues negotiations with NSW Government
James Hardie rejects inaccurate and inflammatory statements made in today's Australian newspaper claiming there is a split within the company's Board and that some directors have favoured James Hardie leaving Australia.
49.17K
- 22.07.05 Letter to the Editor
James Hardie has written to the editor of The Australian stating that The Australian's article of July 18, 2005 "Fresh US law suits threaten Hardie" by journalist Ean Higgins, contains misleading, inflammatory and inaccurate statements which misrepresent James Hardie and may cause unnecessary concern to Australian compensation claimants and James Hardie stakeholders.
28.35K
- 06.06.05 Letter to the Editor
James Hardie has written to the editor of The Australian, stating that The Australian's article of May 30, 2005 "Carr's Moral Ground Erodes" misrepresents the findings of the Special Commission of Inquiry (SCI) relating to the cancellation of partly paid shares of former James Hardie subsidiary ABN 60 in 2003.
37.46K
- 23.05.05 Letter to the Editor
James Hardie has written to the editor of The Australian in response to recent articles in The Australian that contain statements that are inaccurate, inflammatory and misleading.
50.22K
- 02.03.05 Letter to the Editor
(revised from 01.03.05) James Hardie has revised its letter to the Editor of The Australian responding to recent errors of fact.
22.86K
- 22.02.05 Statement
Articles recently appearing in The Australian
Recent articles published in The Australian newspaper concerning James Hardie's exposure to potential asbestos-related claims in the United States (US) significantly misrepresent the facts.
47.19K
The Australian published today an article discussing cases pending against James Hardie subsidiaries in a Californian court. The company does not anticipate receiving a significant number of future legitimate claims for asbestos compensation from the US, as outlined by James Hardie CFO, Russell Chenu, during the company's third quarter results presentation (February 14 2005). James Hardie has never manufactured products containing asbestos in the US.
Asbestos compensation sections from annual reports
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