The dispute related to an ATO audit of returns filed for the fiscal 2002, 2004 and 2006 years.
James Hardie (jhx.ASX:Quote,News) said the settlement was made without concessions or admissions of liability by either the building products company or the ATO.
The company also said it would reap a foreign exchange gain of $US20.9 million ($31.1 million) related to the payment of the settlement after benefiting from a fall in the Australian dollar.
James Hardie shuts two US plants
First Acceptance settles suits over auto club memberships
