The first federal court hearing relating to ASIC’s scrutiny of CSR Ltd's
(ASX:CSR) asbestos liability provisions has been adjourned.
Concerns regarding the matter emerged last year when the 155-year-old company announced plans to demerge its sugar and renewable energy businesses from its building products arm.
Both ASIC and CSR have been in talks and agreed to give themselves more time.
CSR released a statement late yesterday saying that the first court hearing, which was scheduled for today, is expected to take place next week.
CSR fell into the red in 2009 with a $326 million net loss.
