New data revealed by liquidators dealing with failed funeral insurer Youpla has led First Nations people to call for a commitment to a resolution in the upcoming federal budget.

The data highlights the extent of First Nations exploitation by the company over three decades. The Aboriginal Community Benefit Fund, also known as Youpla, received more than 95 per cent of its payments through Centrepay, Centrelink's billing system.

Youpla targeted Aboriginal communities, marketing itself as an Aboriginal-owned funeral fund, from the 1990s until its collapse last year.

New figures reveal more than $174 million was paid to Youpla since 1992 which comprises over 100,000 individual members and over 150,000 individual policies.

Centrepay was used by the company to market itself as a government-approved essential service and as a result allowed Youpla to extract money from low-income households' Centrelink payments.

Over $169 million went to Youpla through Centrepay from 2001-2015, until the Commonwealth Department of Human Services removed its approval from the scheme.

The Youpla Benefit Scheme was put in place by the government as an interim measure however it is due to expire later this year.

The Save Sorry Business Coalition has stepped in since Youpla's collapse to represent First Nations communities affected. They are calling on the federal government to commit to a resolution as part of the May budget.

Aboriginal Financial Counsellor at Mob Strong Debt Help, Boandik woman Bettina Cooper, said this is an opportunity for the federal government to take a step towards closing the gap.

"First Nations people across Australia have been speaking out for decades about the terrible harm caused to their families by Youpla/ACBF. Instead of closing the gap, this has entrenched intergenerational poverty," she said.

"Providing an enduring resolution in the May Budget is an opportunity to demonstrate what the Federal Government is listening to First Nations voices and responding with dignity and respect.

"This is an opportunity for the Federal Government to take a positive step towards closing the gap in relation to Outcomes One and Fourteen - life expectancy, financial wellbeing, and social and emotional health and wellbeing outcomes."

NSW Premier's 2023 Woman of the Year, Aboriginal financial counsellor and member of the Save Sorry Business Coalition Wangkumara and Bakandji woman, Lynda Edwards said the Youpla Benefit Scheme was an interim measure, those affected need a long-term solution.

"First Nations people are not asking for much, just a meaningful acknowledgement of the harm done and a proportionate response to their financial losses," she said.

"A fair and culturally appropriate scheme would have options to cover those who need repayment, those who need a replacement funeral plan, and those who need a savings product.

"Financial counselling support would support each policyholder to make the right decisions for their situation."

National Indigenous Times have contacted the Department of Social Services for response.