Federal loan to give certainty to asbestos victims

Quoted from http://www.abc.net.au/news/stories/2010/12/07/3086671.htm

Federal loan to give certainty to asbestos victims

Updated December 7, 2010 11:45:00

The Federal Government has announced it will lend up to $160 million to the New South Wales Government to help compensate James Hardie asbestos victims.

The money will be matched by the NSW Government and go into the asbestos injuries compensation fund.

Parliamentary Secretary to the Treasurer David Bradbury says the loan means some sufferers can now be compensated before they die.

“The purpose of this loan is to assist New South Wales in being able to ensure that sufficient funds are made available in that compensation fund,” he said.

“[The loan will] give victims and their families, victims of James Hardie-related asbestos injury, to give them the certainty and the peace of mind of knowing that their compensation claims will be paid, and paid in full.”

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