Home insulation fiasco spawns $250m windfall | The Australian
The troubled scheme, which has been linked to four deaths, more than 200 house fires and widespread rorting, was axed last February and the excess funding rolled into a safety-inspection program under which 200,000 homes were to be checked.
When it was scrapped, roughly 1.2 million households had received installations at a total cost of about $1.45bn.
The forward estimates yesterday showed the safety inspections would cost an estimated $318m in the current financial year and an additional $111m in 2011-12, indicating a total saving of about half a billion dollars.
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