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 …
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 …
In the fading autumn light, the 32-metre yacht is hard to miss. Key points: ACBF was a funeral insurance company marketed to Aboriginal people from the 1990s Corporate regulator ASIC is investigating current and former ACBF directors for breaches in the law The company, which rebranded as Youpla in 2019, went into liquidation in March "When it first turned up …