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The Latest Breaking News from AFCA

Government acts on bank compensation scheme, but critics say it falls ‘far short’

The Albanese government has introduced new laws that will force banks to fund a compensation scheme of last resort for ripped off customers.

The New Daily

Youpla funeral fund: compensation scheme to begin for Aboriginal victims of predatory insurer

Exclusive: People who took out insurance with collapsed insurer at 1 April 2020 to receive payout equal to original promised amount

The Guardian - AU

Queensland farmer battling Suncorp Bank vows to keep pushing to fix financial services

A farmer who looks set to lose his farm vows to keep fighting for accountability in the financial sector and its lending practices.

ABC News

From analysis to the latest developments in health,
read the most diverse news in one place.

Pusey wanted $2.2m Porsche compensation

Porsche driver Richard Pusey wanted $2.2 million in compensation for the damage to their car in the fatal Eastern Freeway crash, prosecutors have told a court.

AAP

Labor pledges $4m for Aboriginal families affected by Youpla funeral fund collapse

The emergency relief package for families struggling to pay for burials includes a payout for expenses equal to the one they were promised by the disgraced insurer

The Guardian - AU

Youpla funeral insurance founder’s multimillion-dollar yacht arrives in Vanuatu

The company founded by Ron Pattenden collapsed owing millions in unpaid policies to thousands of low-income Aboriginal families

The Guardian - AU

Melbourne earthquake and recent flooding drive surge in insurance complaints

Thousands of Australians have lodged official complaints over delayed insurance payouts after recent flooding triggered a surge in claims.

The New Daily

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The elders fearing death – and generational debt – after Youpla funeral fund collapse

In the postcodes worst hit by the collapse of the funeral insurer, older Aboriginal people are ‘torn apart’ by the thought they have no way to pay for a funeral they thought they had already paid for

The Guardian - AU

Youpla funeral fund collapse leaves 31 Aboriginal families struggling to pay for burials

Exclusive: Community support groups call for accountability and justice, saying at least one family is collecting cans to help pay for a funeral

The Guardian - AU

Earthquake insurance claims generate most complaints after COVID, floods emergency: AFCA

Victoria's September 22 earthquake is the third most complained about insurance event in the last year after COVID-19 and east coast flooding, according to the Australian Financial Complaints Authority.

ABC News

Youpla: how Aboriginal funeral fund evaded regulators despite 30 years of complaints

State and federal authorities raised concerns periodically, but fund continued to target vulnerable people until its final collapse in March

The Guardian - AU

The inside story of the Aboriginal Community Benefit Fund collapse and the missing millions

For decades, First Nations people made contributions to the Aboriginal Funeral Benefit Fund. Now it's collapsed, thousands are asking: How was it allowed to trade for so long?

ABC News

Linda Burney says investigating Youpla funeral fund will be ‘top of my agenda’

Incoming Indigenous affairs minster says predicament of families affected by collapse of predatory funeral fund is ‘totally unacceptable’

The Guardian - AU

Employee at collapsed Youpla funeral fund allegedly used racial slur about Aboriginal clients

Staff member allegedly told colleague: ‘We aren’t here to show them respect or dignity. We are here to get money from them’

The Guardian - AU

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The Guardian - AU

Yachts and mansions: founder of company that left thousands of Aboriginal people out of pocket made more than $20m, tax-free

Ron Pattenden continued to make money from the Aboriginal Community Benefit Fund even after selling it in the wake of damning royal commission findings

Sports Illustrated

AFCA Executive Director Todd Berry on Surviving COVID-19: ‘I Feel Very Fortunate To Be Here’

A mainstay in college football, Todd Berry and his wife, Lisa, detail his harrowing days in the hospital earlier this year, when doctors said he had a 50-50 chance to live.

Zenger

Bowie State’s Damon Wilson Named AFCA Division II National Coach Of The Year

HBCU head coach recognized for one of his university's best seasons.

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