The NSW Government is currently running a Voluntary Purchase and
Demolition Program for homes and commercial properties affected by
loose-fill asbestos insulation.
During the 1960s and 1970s loose-fill asbestos insulation was
sold as ceiling insulation. An ACT-based company known as 'Mr
Fluffy', installed this insulation in approximately 1000 homes
in the ACT and NSW.
Now, some decades down the track, we are more educated around
the health risks posed by asbestos. To that end, the NSW Government
has determined that the best way to remove the health risks of this
insulation is through the 'demolition, comprehensive site
remediation and disposal' of affected properties.
Enter the Voluntary Purchase and Demolition Program which is
designed to solve the problem. Fundamentally this initiative
involves the NSW Government purchase of affected premises (this can
be the premises and land, or just the premises itself), for fair
market value. The affected premises are
