An Australian funeral insurance company was fined $3.5 million dollars but does not have to pay the fine.

[Bretrick]

A funeral fund that cost Aboriginal clients thousands of dollars in premiums when it collapsed has been hit with a $3.5 million fine, but will not have to pay it due to being in liquidation.
The Aboriginal Community Benefit Fund (ACBF), run by Youpla Group Pty Ltd, marketed itself as an Indigenous business and sold funeral premiums to customers across the country for 30 years.
Then the next step would be to fine and imprison the directors, surely?
Funeral insurer who defrauded Aboriginal customers handed $3.5m fine

 

[Warrigal]

You'd think so, wouldn't you?

 

[Bretrick]

You'd think so, wouldn't you?

So many businesses get away with fraudulent behaviour and the regulating bodies do nothing.
What is the purpose of the fine if they knew they would not pay it?
Regulating bodies in Australia are pathetic for their inaction.