Collapse of Youpla Group Funeral Fund

The collapse of the Youpla Group Funeral Fund has had a significant financial and emotional impact on many First Nations people.

It’s vital that traditional mourning practices be allowed to continue despite the collapse of the Youpla Group funeral fund. This is why the Albanese Government is resolving the uncertainty for the families of deceased Youpla Group policy holders.

The Government is making payments to meet unpaid Youpla Group funeral fund claims until November 30, 2023.

These payments are based on the cover eligible policy holders took out in good faith prior to Youpla’s collapse, typically worth around $8,000.

Funeral benefit payments are being made to the eligible beneficiaries of Youpla Group policy holders who had an active policy on or after April 1, 2020 (the date at which Youpla Group ceased issuing new policies due to its failure to obtain an Australian Financial Services Licence).

These are interim arrangements the Government has established while it investigates what further steps are required to bring resolution in relation to the Youpla collapse.

The Government will continue consulting widely on those further steps while these interim arrangements are in place. But our first priority is simply to limit the immediate cultural damage and community grief Youpla’s liquidation has precipitated.

To submit a claim or find more information, you can visit the website or call the dedicated hotline on 1800 296 989.