Thursday, October 21, 2004

NSW clears way for James Hardie probe

The Federal Government's corporate watchdog will have more power to investigate James Hardie from today, under new New South Wales laws.

The legislation was passed by both houses of NSW Parliament yesterday and Governor Marie Bashir is expected to give it her assent today.

The legislation will allow the Australian Securities and Investments Commission (ASIC) unrestricted access to all Jackson inquiry records and allow it to share information with its international counterparts.

Premier Bob Carr says the new laws will make it easier for ASIC to prosecute James Hardie and for victims to obtain compensation from the company.

By In Solidarity 21 October 04

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