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

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Federal and state authorities expressed concerns about the conduct of the now-disgraced Aboriginal Community Benefit Fund (ACBF) from its very first year of operation, but failed to bring it into line despite several opportunities.

Both New South Wales Fair Trading, which oversees funeral expenses insurance funds, and the Australian Securities and Investments Commission, which oversees financial products, including insurance, raised issues with the fund, which later traded as Youpla, on a number of occasions over the past 30 years.