Procurement Summary
Country : Australia
Summary : Current Atm View - Proc0013384
Deadline : 20 May 2024
Other Information
Notice Type : Tender
TOT Ref.No.: 101053217
Document Ref. No. : PROC0013384
Competition : ICB
Financier : Self Financed
Purchaser Ownership : Public
Tender Value : Refer Document
Purchaser's Detail
Purchaser : NATIONAL INDIGENOUS AUSTRALIANS AGENCY
AusTender at www.tenders.gov.au, in accordance with A.A.4 of the ATM document.
Australia
Email :EMAILYOUPLATENDERS@NIAA.GOV.AU
Tender Details
The National Indigenous Australians Agency (the Agency) requires the provision of financial counselling for former policy holders of the Youpla Group as part of the Youpla Support Program (YSP). The YSP will provide a resolution payment to persons who held a funeral insurance policy with the Youpla Group (also known as the Aboriginal Community Benefit Fund) that was active anytime on or after 1 August 2015. Estimates based on available data indicate that approximately 13, 700 persons held policies during this period. The program commences on 1 July 2024. Applications close on 30 June 2026. Resolution payments will continue until 1 December 2026. The value of the resolution payment will be determined by NIAA, assessed at 60% of the total premiums paid up to their policy limit. Eligible recipients under the YSP will be able to reinvest their resolution payment into a funeral bond, or they can opt to receive it as a cash payment. Eligible recipients will be offered free, voluntary financial counselling prior to making their decision to help inform their choice. The successful Supplier will need to provide financial counselling to former policy holders to support their understanding of the program, the options available to them and the effects those options may have on their finances. Due to the high proportion of First Nations persons among former policy holders, the successful Supplier must be able to demonstrate the capacity to provide financial counselling in a cultura...
Documents
Tender Notice