About a third of $96m ACBF-Youpla victim support scheme to be spent on administration

The maximum amount the federal government is likely to pay to the 13,700 affected Youpla policyholders is $66.6m. Photograph: Youpla

Almost a third of the federal government’s $96m support scheme for the thousands of Aboriginal people who fell victim to the predatory funeral fund insurer ACBF-Youpla will be chewed up by its own administration.

According to documents published on the government’s AusTender site on Thursday, the “maximum” amount it is likely to pay to the 13,700 affected policyholders is $66.6m.