Four months after a funeral insurer collapsed, leaving thousands of First Nations customers out of pocket, the government offers funding to cover funerals.
, despite warnings customers could lose everything if the company went bust.Mob Strong Debt Help financial counsellor and strategy lead Bettina Cooper, a Boandik woman, said the announcement was significant.
“We look forward to further conversations around a fair resolution for the remaining policyholders who were exploited by Youpla and let down by repeated regulatory failures. Mr Creed — who held a total of six policies for his family over two decades — said the community had been in disbelief after the company's collapse in March.Speaking to the ABC shortly before the announcement, he said government action was crucial.
Of the 3,000 residents, 760 people had a policy with the company, pouring at least $1.7 million into its coffers."Every time they'd go from one house to the other, they'd say, 'Well you should sign up because your next-door neighbour signed up and the next-door neighbour after that signed up.'"
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Four Points: Ugle-Hagan shines in epic round with wins (and losses) for the agesA No.1 pick arrived on the scene, a draw was comical, a match-winning goal after the siren stunned onlookers, and the treatment of Jack Ginnivan remains a talking point. | OPINION by Peter Ryan petryan
Read more »
EU launches four more legal cases against UK over Northern Ireland protocolNew cases come on top of three others already in motion heading to European court of justice
Read more »
Gabba Olympic funding up in air, despite purported pact with former PMQueensland’s premier insists the $1 billion Gabba rebuild will be co-funded by Canberra, but the new federal government says no firm deal had been reached.
Read more »
Deal off! Aus Unity Office Fund talks collapseIt’s back to the drawing board for office buildings owner Australian Unity Office Property Fund.
Read more »
Big super’s $85 million political war chestAPRA documents detail super fund payments to political entities surged in election years.
Read more »