The emergency relief package for families struggling to pay for burials includes a payout for expenses equal to the one they were promised by the disgraced insurer
Australian Securities and Investments Commission is intensifying an investigation into the conduct of current and former directors of the funeral fund,
The interim scheme will be open until 30 November 2023 and provide urgent relief for about 500 Indigenous families while the government considers a permanent solution. “Previous successive governments failed to offer any meaningful assistance – and the last government suggested that First Nations elderswhich was culturally devastating,” Mark Holden, Dunghutti man and Aboriginal solicitor at Mob Strong Debt Help, said.
At its peak ACBF had about 25,000 clients. Trading as Youpla, it had 13,000 clients at the time of liquidation, all of whom face losing the money they paid inThe liquidator, SV Partners, says there is just $11.9m left – the largest fund has just $207,000
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