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The Guardian - AU
The Guardian - AU
National
Sarah Collard

Youpla profits surged after it was approved for federal government’s automatic payments system

Youpla ACBFYoupla Bettina Cooper Centrepay Mark Holden
Youpla logo
New data obtained through liquidators and independently analysed shows 105,290 people bought ACBF-Youpla policies, many more than first believed. Photograph: Youpla

New data has revealed disgraced funeral fund ACBF-Youpla’s profits skyrocketed by tens of millions of dollars after the company was approved for the federal government’s automatic payments system Centrepay.

ACBF-Youpla collapsed in March 2022 leaving thousands of Aboriginal people, some of them elderly and in palliative care, without the means to pay for funerals. Families resorted to crowdfunding and some were forced to leave their loved ones’ bodies in the morgue while they raised the funds.

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