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The Guardian - AU
The Guardian - AU
National
Ben Butler and Lorena Allam

Consumer groups urge ASIC to mount full investigation into collapsed funeral fund Youpla

Aboriginal flag
Youpla, formerly the Aboriginal Community Benefit Fund, collapsed in March leaving many indigenous policy holders unable to pay for funerals. Photograph: Carly Earl/The Guardian

Consumer groups have written to the corporate regulator, asking it to mount a full investigation into whether civil or criminal action can be pursued against people involved in Youpla, a funeral insurance group that has collapsed leaving at least 13,000 Indigenous people without coverage.

In a letter to the chair of the Australian Securities and Investments Commission, Joe Longo, the groups also ask that the regulator continue a court case against Youpla, alleging it engaged in misleading and deceptive conduct, even though the group has collapsed.

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