Tasmanian Government to Propose Asbestos Public Compensation Fund Payments Funded by Tax on Employer
Here is a media article on a Tasmanian government proposal to develop legislation to pay compensation to asbestos victims. Payments would be funded through a tax on employers.
Go here for the government’s announcement, and it’s fairly detailed regulatory impact statement. In short, the proposal is still fluid but is centered around an asbestos compensation fund that would be administered by a special court. Comments are due by November 12.
According to the media article:
"Under the scheme it is proposed a 64 year old worker with a fatal disease, like mesothelioma, will be entitled to receive compensation of approximately $500,000.
"An 83 year old worker suffering the same condition will be entitled to receive about $250,000."