Youpla directors disqualified over collapsed funeral fund that targeted Aboriginal families

Three directors were fined a combined $90,000 in federal court judgment and disqualified from managing a corporation for between five and 10 years Get our breaking news email , free app or daily news podcast Three directors of a collapsed funeral fund that marketed insurance to Aboriginal families have been banned from managing corporations for at least five years and ordered to pay a combined $90,000 after being found to have breached their duties to clients.

On Wednesday, federal court justice Geoffrey Kennett ordered the former director of the insurance company Youpla Group, previously the Aboriginal Community Benefit Fund (ACBF), Jonathan Law, to pay the commonwealth $50,000 and disqualified him from managing corporations for six years.

..