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NEW SOUTH WALES GOVT PUSHES BACK JAMES HARDIE PAY-OUT DEADLINE.
SYDNEY, Nov 1 Asia Pulse - The New South Wales (NSW) government has extended until November 14 the deadline for James Hardie to finalise the funding deal relating to its compensation obligations for victims of its asbestos products.
The previous deadline expired yesterday with the building products company still to reach an agreement with the Australian Taxation Office (ATO) over the status of the compensation fund.
The deal was thrown into doubt after a tax office ruling in June this year that the fund, worth up to $A4.5 billion ($US3.48 billion) over 40 years, could not be treated as a charity for tax purposes.
The deadline for finalising the fund has been repeatedly pushed back from its original date of July 31.
Asbestos Diseases Foundation president Barry Robson today branded the two-week extension as "another rabbit out of the hat" and said he had little hope the deal would be finalised in a fortnight.
"Hardie's pulled another rabbit out of the hat once again. It's been three years of extensions, ...
- ATO agrees to amended tax: James Hardie.
- News wire article from: Bulletin Wire June 26, 2006 700+ words
...From Bulletin Wire) James Hardie Industries says the Australian Taxation Office (ATO) has agreed to...company for 1998/99. James Hardie said the ATO had agreed...secured by a guarantee by James Hardie in favour of the ATO...
- James Hardie hopeful of compo deal.
- News wire article from: Bulletin Wire February 27, 2006 700+ words
...this financial year. James Hardie's net profit for...The results come as James Hardie continues discussions with the Australian Taxation Office (ATO) over the compensation...compensation payouts James Hardie plans to make over...
- ASBESTOS VICTIMS PROTESTS OUTSIDE JAMES HARDIE MEETING.
- News wire article from: AsiaPulse News September 19, 2006 700+ words
...we're still asking James Hardie Industries to pay compensation...40-year package. James Hardie is still negotiating with the Australian Taxation Office to try to earn the...their compensation the James Hardie directors are asking...
- Media Release: James Hardie.
- News wire article from: MediaNet Press Release Wire November 21, 2005 700+ words
...viability and growth of James Hardie. Mr Gries also confirmed James Hardie was continuing to work with the Australian Taxation Office and Federal Treasury to...SPF) were considered. James Hardie has been advised the NSW...
- NSW may force James Hardie to pay compo.
- News wire article from: Bulletin Wire November 21, 2005 700+ words
...To the best of James Hardie's knowledge, no...recent speculation, James Hardie has no plans to leave...Mr Gries also said James Hardie was continuing to work with the Australian Taxation Office (ATO) and federal...
- AUSTRALIA'S JAMES HARDIE MAY OWE THE U.S. TAXMAN UP TO US$37 MLN.
- News wire article from: AsiaPulse News June 23, 2008 700+ words
...ending March 31, 2009. James Hardie shares lost 17 cents or 3...cent to A$4.55 today. James Hardie said last week that it may...interest following an Australian Taxation Office (ATO) audit James Hardie owes primary tax of $101...
- James Hardie shares in trading halt.
- News wire article from: Bulletin Wire March 20, 2006 700+ words
...Construction company James Hardie Industries NV says...victims would go ahead. James Hardie is in discussions with the Australian Taxation Office (ATO) over the compensation...compensation payouts James Hardie plans to make over...
- JAMES HARDIE POSTS YR NET LOSS AFTER BOOKING ASBESTOS PAYOUTS.
- News wire article from: AsiaPulse News May 15, 2006 700+ words
...deal signed between James Hardie, the NSW government...still remains, with James Hardie still seeking tax deductibility...from the Australian Taxation Office. The company is banking...resolved in its favour. James Hardie said that even if tax...
- James Hardie to appeal $412m tax bill.
- News wire article from: Bulletin Wire March 22, 2006 700+ words
...penalties and interest. Shares in James Hardie slumped this week after it told...facing a bill from the Australian Taxation Office for more than $222.50 million...a full bill of $412 million. James Hardie said $172 million of that was...
- New delay for James Hardie compo deal.
- News wire article from: Bulletin Wire October 2, 2006 700+ words
...NSW government and James Hardie Industries have agreed...recognises the fact that James Hardie remains involved in...and the Australian Taxation Office to resolve outstanding...the pay rise given to James Hardie directors at the company...
Source: HighBeam Research, NEW SOUTH WALES GOVT PUSHES BACK JAMES HARDIE PAY-OUT DEADLINE.