Document ID: chunk:federal_register_of_legislation:F2024C01281:clause:1ab_650
Version: federal_register_of_legislation:F2024C01281
Segment Type: clause
Provision Reference: sch 1AB cl 650
Character Range: 1509452–1511340

650       Youpla Support Program                                                                                                                               To provide funding for:
                                                                                                                                                               (a) payments and other assistance to eligible persons in respect of rights and entitlements under eligible funeral insurance policies issued by a company in the group of companies known as the Youpla Group, including policies affected by the collapse and liquidation of those companies; and
                                                                                                                                                               (b) related financial counselling for eligible persons.
                                                                                                                                                               This objective has the effect it would have if it were limited to measures:
                                                                                                                                                               (a) with respect to insurance, other than State insurance (within the meaning of paragraph 51(xiv) of the Constitution); or
                                                                                                                                                               (b) with respect to bankruptcy or insolvency (within the meaning of paragraph 51(xvii) of the Constitution); or
                                                                                                                                                               (c) with respect to Indigenous Australians and particular groups of Indigenous Australians.