The newspaper said the inquiries centred on James Hardie's move in 2001 to register its headquarters in The Netherlands. At the time, James Hardie said $1.9 billion worth of partly paid shares would be available in Australia to cover any remaining asbestos liabilities, the newspaper said. However, the shares were cancelled last year without informing the stock market or the court, the paper said. The issue has been discussed at a NSW Commission of Inquiry into James Hardie, which has been going for several months.