News Muncher - searching for youpla

1 year, 4 months ago

ASIC launches civil action against former directors of funeral insurer ACBF over money sent to Vanuatu

ABC

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 …

Action Funeral Money Case Company Holden Funds

1 year, 7 months ago

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

ABC

Three years ago, Donald Craigie used $6,000 that was meant to fix his 2005 Holden Commodore to buy burial plots for himself and his family beside the grave of his daughter. Key points: A government scheme to cover the funerals of former ACBF Youpla policyholders is due to expire in November Advocates say the government promised behind closed doors to …

Scheme Mr Craigie Acbf Youpla Funeral

2 years, 1 month ago

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

ABC

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 …

Money Company Million Canberra Paid First Nations Thousands

2 years, 5 months ago

Months after funeral insurer's collapse left First Nations customers out of pocket, government offers funding to cover funerals

ABC

After four months of uncertainty, customers of a failed funeral insurer have had a burden lifted off their shoulders, with the federal government promising to pay out claims while it investigates the company's demise. Key points: A government scheme will cover funeral costs for Youpla customers left without insurance Youpla went into liquidation in March this year, leaving 14,500 policyholders …

Funeral Company Customers Went First Nations Youpla Yarrabah

2 years, 5 months ago

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

ABC

In far north Queensland, a sea breeze blows across Yarrabah, a former mission, which is now home to almost 3,000 First Nations Australians. Key points: Funeral insurers Youpla went into liquidation in March this year New data shows residents of Moree paid more than $2 million to the company Advocates say most households in Yarrabah had a policy "Yarrabah is …

Funeral Company Fund Cooper Ms Newman Queensland Nsw

2 years, 6 months ago

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

ABC

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 …

Financial Director Company Report Fund Abc First Nations

2 years, 9 months ago

Funeral insurer quietly enters administration, told to explain itself by financial regulator

ABC

A controversial funeral insurer has been asked to address concerns around its finances after administration problems saw thousands of clients left in the lurch when it went into liquidation last week. Key points: ASIC said it had written to the Youpla Group seeking clarity about its financial situation The move to quietly liquidate an arm of the business has created …

Business Financial Funeral Group Asic Youpla Youpla Group

4 years, 8 months ago

Funeral insurer Youpla, formerly ACBF, barred from taking on customers after selling coverage to babies and targeting Indigenous Australians

ABC

Funeral insurer Youpla, slammed by the banking royal commission in a previous brand iteration for misleading Indigenous customers, has now been denied a licence to provide financial services and prevented from signing up new customers. Key points: Funeral insurer Youpla, formerly ACBF, says it has reapplied twice for an Australian Financial Services Licence, which is required before it can provide …

Insurance Royal Funeral Financial Services Indigenous Indigenous Communities Company

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