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.
