1/26/2021 0 Comments Accident Settlement FundThe Accident Settlement Fund was established by Labor in 2021 following the mining industry's major downturn following the world market crash. The Accident Settlement Fund is designed to settle claims for individuals and claims against companies who were responsible for the massive release of millions of tons of mercury into the atmosphere. The Accident Settlement Fund has come under fire from major environmental groups and politicians in the U.S. who have criticized the money earmarked for the compensation fund as giving "green" cover for polluting the environment. Despite such claims, the Accident Settlement Fund continues to receive a significant amount of funding, despite what may be observed. As a result, whether this particular environmental campaign is effective remains in doubt. You can follow this link to get more info on Accident Settlement Fund. The first claim that the Accident Settlement Fund has had success with is that of determining compensation for miners who lost their lives while working in the West Australian goldfields. The Accident Settlement Fund has been successful in recovering compensation for those men who died while attempting to mine the region's gold. The company was also ordered to pay out compensation for the families of these deceased miners, for the medical expenses and funeral costs they must incur. The money recovered through legal proceedings will go towards repaying loss-related expenses already incurred by the deceased miners, as well as for the families of the deceased. Additionally, the Court was also required to award funds to the widows and orphans of these miners. Another claim that has been successfully resolved through the Accident Settlement Fund involves the massive clean up operation which took place following the massive mine collapse in March 2021. The cleanup included the removal of more than three hundred trucks of debris which would have otherwise bogged down the surrounding area. The long term economic impact of this clean up effort has been determined at more than one million dollars. While no monetary recovery can ever take away the memories of those lost in the mine collapse, nor can it ever undo the long term economic impact these acts had on the local economy, such financial rewards are certainly welcome additions to the long term economic impact. Another claim that has been successfully resolved through the Accident Settlement Fund involves the loss of income to the mining community. Approximately one hundred and fifty direct and indirect employees were laid off when the mine collapsed. The immediate loss of income represented about seven thousand jobs, or seventy-six percent of the workforce. The long term economic impact of this loss has been determined at over two hundred and forty-two thousand dollars. While not directly comparable to the six figure claims previously mentioned, any claim which is successfully resolved represents a major improvement in the standard of living of the individuals who were impacted. Finally, there are the claims that have been successfully resolved by the Accident Settlement Fund in reference to the death of nine children who were playing in a sandbank when a mine exploded. It is reported that the parents of the deceased had taken the children to their local hotel, and that the hotel management subsequently placed the children with an orphanage in order to provide them with more social contact. The long term economic impact of this loss represents over one hundred and twenty thousand dollars. This is significantly higher than any claim which was previously resolved by the Westpac goldfields. The positive findings in reference to the Marrakesh accident are considerably larger than the initial six dollar claim settlements which were initially made. Check out more legal assistance on settlement claims at https://usclaims.com/pre-settlement-funding/construction-site-accident-settlement/. The results of this investigation into the goldmine explosion conducted by the Employment Relations Authority in Australia, and released to the public, reveal that the mining industry was not properly monitored and therefore had not complied with minimum standards of employment law. This information comes as a surprise to the mining industry, given that the Accident Settlement Fund had previously ruled that no payment should be made out of the funds which resulted from the claims made by the victims. Despite this finding, the WA government has since promised to increase the funding which will be paid into the Accident Settlement Fund so that it can more adequately help the widows and orphans of the mining disaster. Read more on law here: https://en.wikipedia.org/wiki/Law.
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