Tasmanians with asbestos-related illness or their family members were paid out $4.3 million in claim payments in 2020-21.
There was another $291,007 paid out for medical expenses and $9183 paid to cover travel costs for people to obtain medical services or treatment.
The balance of the state's Asbestos Compensation Fund was $24.5 million as of June 30.
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The state's Asbestos Compensation Commissioner Robyn Pearce in her recent annual report noted there were less payments claimed last financial year compared to previous years.
"The number of asbestos compensation claims received by the scheme historically has been the highest for those exposed in manufacturing and construction industries," she said.
"Since 2015, 46 per cent of claims have been from workers in the manufacturing industry and 18 per cent from those in the construction industry.
"Labourers, metal fitters and machinists, carpenters and joiners, and electricians comprise the largest proportion of cases in this period."
There were 12 applications made for compensation in 2020-21 of which nine were imminently fatal, two non-imminently fatal, and one by a family member.
Three of these applications were not accepted and one application was pending at the time of the report.
Of the eight compensation claims accepted in 2020-21, the most commonly reported occupation of exposure was fitter - representing 25 per cent of claims made.
This occupation accounted for 23 per cent of payments made the year before.
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