Five former directors and officers of the failed funeral insurer Youpla could face fines after the corporate watchdog ASIC commenced civil proceedings over an arrangement to send funds to a company in Vanuatu. Key points: ASIC alleges former ACBF directors breached their duties by sending money to Vanuatu-based company Crown Insurance Crown Insurance was owned by former ACBF directors Ron …
Advocates for thousands of First Nations people who lost money to the collapsed funeral insurer Youpla are in Canberra this week to urge politicians to take responsibility for their role in the saga. Key points: Youpla faces legal action for misleading conduct between 2015-2018 Regulators have sought to appoint a special liquidator to try to recover funds Thousands of people …
The director of an embattled funeral insurer that has left thousands of people without cover says he tried his best to save the company and protect its customers. Key points: Youpla funeral funds went into liquidation in March this year Liquidators are investigating millions of dollars paid in dividends over decades Advocates want the regulator to "vigorously investigate" possibility of …
vavlt / WIRED “It’s really gross,” says Stephen Pattenden, describing the giant conglomerations of fat, wet wipes and other non-biodegradable toiletry items that build up in London’s sewers over time. Bart van der Zalm is sales manager for Sewer Robotics, a Dutch company that makes pipe-crawling devices endowed with ultra-high pressure water jets. “It’s just like a video game.” The …
