Save Sorry Business media release: advocates welcome penalty for misleading about being Aboriginal owned
First Nations advocates welcome $3.5million penalty of ABCF/Youpla for misleading community about being Aboriginal owned First Nations advocates from the Save Sorry Business Coalition have welcomed the $3.5 million penalty imposed on ABCF Funeral Plans Pty ltd (ACBF) in the Federal Court today. Consumer advocates fought ACBF for decades on their systemic misrepresentation to First […]
Media Release: First Nations advocates welcome Federal Government announcement for Youpla policyholders
First Nations financial counsellors, advocates and policyholders from the Save Sorry Business Coalition have welcomed the Federal Government’s announcement of an ‘enduring resolution’ for over 13,000 people harmed by Youpla and regulatory failures. Federal Minister for Indigenous Australians Linda Burney has briefed advocates that the government scheme will include people who were still making payments […]
Save Sorry Business Coalition Media Statement: Latest extension of Youpla Interim Scheme must pave way for culturally appropriate scheme covering Centrepay victims
First Nations consumer advocates from the Save Sorry Business Coalition have greeted the announcement that the Federal Government will extend its Interim Youpla Scheme with a renewed call for the urgent establishment of a fair and culturally appropriate resolution for First Nations people. Advocates recognise that this extension of the scheme until 30 June 2024 […]
Media Release: New liquidator data reveals more than 100,000 people paid over $174 million to predatory insurer Youpla/ACBF
First Nations advocates renew call for urgent action in May Federal Budget The liquidators of predatory funeral insurer Youpla/ACBF, SV Partners, have released shocking new data that reveals for the first time the full extent of First Nations exploitation perpetrated by the company over three decades. The new figures reveal that over $174 million was […]
Media Release: New Liquidator Data Reveals ‘Targeted Exploitation’ Of First Nations Communities Through Centrepay System
Youpla’s liquidators also revealed the company has had over 150,000 policies active at different times between 1992 and 2019, with around 20,000 still active in 2019. This reveals the scale of the harm caused to First Nations communities and provides insight into how their exploitative model relied on ‘churning’ sign-ups and cancellations to maximise profits […]
Media Release: “First Step Towards A Resolution” Save Sorry Business Coalition Welcomes Initial Response From Government On Youpla/ACBF Collapse
The Save Sorry Business Coalition, which is supported by 130 organisations and almost 20,000 individuals, welcomes today’s Government announcement for the family of policy holders who have passed and who have been deeply affected emotionally and financially by the collapse of predatory funeral insurer, Youpla. The Minister for Indigenous Australians, Linda Burney, and Assistant Treasurer […]
Media Release: “Devastating Cultural And Financial Impact”: First Nations Communities In Crisis After Youpla Collapse
New data reveals the local communities hit hardest by predatory insurer as calls grow for urgent Federal Government action “The collapse of the predatory funeral fund Youpla (ACBF) is having a devastating cultural and financial impact on First Nations communities across Australia,” says Bettina Cooper, Aboriginal Financial Counsellor at Mob Strong Debt Help. New data* […]
Media Release: Youpla collapse to fuel ‘trauma and intergenerational debt’ for Indigenous families across Australia
Community coalition led by First Nations groups calls for urgent government action by incoming Treasurer A coalition of over 125 organisations has released an open letter to both major parties calling for urgent action to prevent more than ten thousand Aboriginal and Torres Strait Islander families from being denied the dignity of a culturally […]
Failure in Government policy sees First Nations peoples lose millions in funeral fund collapse
A coalition of community organisations which work with First Nations consumers and consumer groups are calling on the Australian Government to step in to assist policyholders who have been devastated by the sudden collapse of Aboriginal Community Benefit Fund, which traded as Youpla. Around 15,000 First Nations policyholders and their families have been left unable […]
Media release: Aboriginal Community Benefit Fund Pty Ltd No. 2 Pty Ltd (Youpla) in liquidation
Aboriginal and Torres Strait Islander people who have funeral insurance policies with Aboriginal Community Benefit Fund No. 2 Pty Ltd should contact Mob Strong Debt Help on Facebook and our webpage. More than 3,400 of Aboriginal and Torres Strait Islander people have lost their funeral insurance policies after it was announced that Aboriginal Community Benefit […]