00:00 that includes policy holders and family members who have bared that burden.
00:06 Today is the end of a long journey to get some resolution.
00:12 In March 2022, when the collapse happened, we had First Nations people with bodies in
00:17 morgues because they had relied on this misleading company to provide the funds that they had
00:23 paid into to bury their loved ones.
00:26 And it was devastating.
00:28 In July 2022, the current federal government stepped in and offered an interim solution
00:35 to allow us to bury our people through an application process through the Eupola Funeral
00:40 Benefit Fund.
00:42 And today, we have a long-term resolution which they promised just under two years ago.
00:48 And this Eupola support program is a fair outcome that will allow healing to begin.
00:53 And it's through decades of regulatory failures, if this company had never been allowed on
00:58 CentrePay, then this would not have been the outcome.
01:02 But CentrePay became the vehicle of financial abuse that ACBF Eupola used to take money
01:08 from First Nations people.
01:10 And it's through that abuse that we were able to draw attention to the government and
01:14 come to this resolution.
01:16 People can apply, not until the 1st of July 2024.
01:19 They can apply and they can get 60% of the money back that they paid into it, but not
01:25 more than their benefit or certificate amount.
01:28 People were given certificates and told that is what they are paying towards.
01:33 So an example would be if they had a $10,000 certificate and they had paid $6,000.
01:39 So if they had a $6,000 certificate and they paid $10,000, the most they get back is $6,000.
01:47 But if they had only paid $4,000, they would only get 60% of that $4,000.
01:53 But what is most exciting about this option is the fact that there are options within
01:58 it.
01:59 We asked the government to give people choice.
02:01 They have given them a choice between a regulated funeral bond or getting money back.
02:08 They have given the people the option to see a free financial counsellor to help them make
02:11 that decision.
02:12 They have empowered people through this, not disempowered people.
02:15 [BLANK_AUDIO]
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