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The Latest Breaking News from ACBF

Labor to provide $97m for victims of predatory insurance provider ACBF-Youpla

The support program will run for two years and aim to bring ‘peace of mind’ to thousands of Indigenous Australians

The Guardian - AU

Art Car Boot Sale: Jeremy Deller, Rankin and Hayden Kays among the major artists with work up for grabs

King Cross’ bustling art event promises a line-up of 120 artists with great wheeling and dealing to be done

Evening Standard

Youpla directors pursued by Asic over collapsed funeral fund that hurt Aboriginal families

Corporate regulator launches court action alleging former directors oversaw structure that left members vulnerable

The Guardian - AU

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Government scheme for ACBF Youpla customers expires in November — what happens next?

For decades, funeral insurer ACBF Youpla sold policies to First Nations Australians despite attention for regulators. Now, two years after it collapsed, the government is still wrestling with how to compensate the company's customers.

ABC News

Customers of failed funeral insurer ACBF/Youpla plead with government for compensation

Vennessa Poelina is flying 3,000 kilometres to try to convince the government to fulfil its "moral obligation" to compensate for her $20,000 in lost pre-paid funeral plans.

ABC News

‘A kick in the guts’: ACBF-Youpla victims still waiting for millions in compensation

Families still struggling a year after collapse of predatory funeral fund that targeted low-income Aboriginal people

The Guardian - AU

Kimberley families still in limbo almost a year after Youpla funeral insurance collapse

Indigenous Kimberley residents impacted by funeral insurance fund Youpla going into administration are continuing their fight for compensation.

ABC News

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Indigenous advocates return to Canberra to ask for compensation over Youpla mess

Advocates are in Canberra asking the government to compensate the thousands of people who put their money into funeral insurer Youpla. But finding out exactly who they are won't be easy.

ABC News

Federal governments legitimised predatory funeral fund that targeted Indigenous Australians, advocates claim

Centrepay scheme established under Howard government authorised ACBF-Youpla to take payments direct from welfare income

The Guardian - AU

Asic seeks record $7.5m penalty against ACBF-Youpla for alleged deceptive and misleading conduct

Corporate regulator alleges funeral insurer engaged in ‘deliberate and knowing conduct of preying on vulnerable Aboriginal people’

The Guardian - AU

Youpla funeral fund: compensation scheme to begin for Aboriginal victims of predatory insurer

Exclusive: People who took out insurance with collapsed insurer at 1 April 2020 to receive payout equal to original promised amount

The Guardian - AU

Labor pledges $4m for Aboriginal families affected by Youpla funeral fund collapse

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

The Guardian - AU

Youpla funeral insurance founder’s multimillion-dollar yacht arrives in Vanuatu

The company founded by Ron Pattenden collapsed owing millions in unpaid policies to thousands of low-income Aboriginal families

The Guardian - AU

New data shows disadvantaged towns paid high price for failed funeral insurer Youpla

New data shows that when funeral insurance company Youpla went into liquidation in March, some of Australia's most disadvantaged towns paid the heaviest price.

ABC News

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The Guardian - AU

Youpla funeral fund collapse leaves 31 Aboriginal families struggling to pay for burials

Exclusive: Community support groups call for accountability and justice, saying at least one family is collecting cans to help pay for a funeral

ABC News

Funeral insurer Youpla 'grew and grew' off welfare payments, then collapsed

In 2013, the government was warned that allowing funeral insurers to access Centrelink payments could end badly for customers. Almost a decade later, it did.

ABC News

Youpla director says he tried to save the business, advocates want an investigation

Youpla director Greg Wheeldon says he did his all to save the funeral insurance company from liquidation. But advocates for the thousands of people who lost their cover still want answers.

The Guardian - AU

Youpla: how Aboriginal funeral fund evaded regulators despite 30 years of complaints

State and federal authorities raised concerns periodically, but fund continued to target vulnerable people until its final collapse in March

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ABC News

The inside story of the Aboriginal Community Benefit Fund collapse and the missing millions

For decades, First Nations people made contributions to the Aboriginal Funeral Benefit Fund. Now it's collapsed, thousands are asking: How was it allowed to trade for so long?

The Guardian - AU

Linda Burney says investigating Youpla funeral fund will be ‘top of my agenda’

Incoming Indigenous affairs minster says predicament of families affected by collapse of predatory funeral fund is ‘totally unacceptable’

The Guardian - AU

Employee at collapsed Youpla funeral fund allegedly used racial slur about Aboriginal clients

Staff member allegedly told colleague: ‘We aren’t here to show them respect or dignity. We are here to get money from them’

The Guardian - AU

Yachts and mansions: founder of company that left thousands of Aboriginal people out of pocket made more than $20m, tax-free

Ron Pattenden continued to make money from the Aboriginal Community Benefit Fund even after selling it in the wake of damning royal commission findings

ABC News

Federal government receives open letter from 125 organisations, urging help for Youpla funeral insurance victims

More than 100 organisations write to the federal government requesting compensation for Indigenous families affected by the collapse of funeral insurance provider Youpla Group.

The Guardian - AU

Government under pressure to help Aboriginal families after ‘predatory’ funeral insurer’s collapse

Coalition of NGOs says governments knew about Youpla’s misleading conduct for decades and ‘did nothing to prevent it’

The Guardian - AU

Arron Wilson was told his funeral fund would help his family – now his money is gone

Calls for compensation as Youpla Group’s collapse leaves thousands of Indigenous Australian policyholders with nothing

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