Legislation pending against James Hardie over  compensation

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Legislation pending against James Hardie over compensation

The NSW Government will introduce legislation next week to secure compensation for the victims of James Hardie’s asbestos products if a finalised agreement is not signed this week, Premier Iemma said yesterday.

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The NSW Government will introduce legislation next week to secure compensation for the victims of James Hardie’s asbestos products if a finalised agreement is not signed this week, Premier Iemma said yesterday. 

Iemma said there is ‘no good reason’ why the agreement cannot be finalised over the next week. 

‘If a deal isn’t agreed to this week you cannot believe James Hardie ever intend to reach an agreement.’

Agreement taking too long 

The Premier said the key stakeholders, including the ACTU and asbestos victim groups, have indicated their patience is running out. 

‘Their frustrations are understandable, they have waited long enough,’ Iemma said. 

He said that the State Government would prefer a negotiated outcome but added that the ‘hour has come where an agreement must be signed’. 

Hardie seeking agreement asap 

James Hardie CEO, Louis Gries said that ‘constructive discussions’ with the NSW Government are continuing and they are working towards signing an agreement ‘as soon as possible’.

‘While both the NSW Government and James Hardie concede the negotiations have taken longer than initially anticipated, progress continues to be made. We have delivered draft 12 of the Principal Deed to the NSW Government for their review and would like to conclude negotiations as soon as possible,’ he said. 

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