HomeAll NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Christian Brothers abuse victims to receive full compensation after property sale reversal

Created at 24 Jul · 4:26 AM1 source↑ Market-relevant
IN SHORT

The Christian Brothers, facing public pressure, have reversed a controversial property sale plan. The related entity, Edmund Rice Education Australia (EREA), will now fully compensate abuse survivors, assuming liability for all current and future legal proceedings.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

$217mvalue of properties to be sold
$774mestimated amount owed to survivors
36properties to be sold
2007year EREA was created
44,000students entrusted to EREA's stewardship
two monthstimeframe for new proposal details

Who's Involved

Christian Brothers
Catholic order facing compensation claims for clergy abuse
Edmund Rice Education Australia (EREA)
Entity that assumed control of former Christian Brothers schools and properties
Dr Stephen Brown
Chair of the Trustees of Edmund Rice Education Australia
Grace Wilson
Partner at Rightside Legal, representing abuse victims

↳ Why This Matters

This development signifies a major victory for abuse survivors, ensuring they will receive full compensation after a protracted legal and public relations battle. It also establishes a precedent for how religious orders manage their assets and address historical abuse claims, potentially impacting similar cases globally.

Key facts

  • The Christian Brothers and Edmund Rice Education Australia (EREA) have agreed to fully compensate abuse survivors.
  • EREA will sell 36 properties valued at approximately $217 million to fund the compensation.
  • This decision reverses a previous plan where the Christian Brothers claimed bankruptcy and proposed selling properties to cover various debts.
  • EREA will assume liability for all current and future legal proceedings and claims related to historical abuse.
  • The agreement follows significant public pressure and scrutiny of property transfers between the two entities.

The Christian Brothers, a Catholic order implicated in numerous clergy abuse cases, have agreed to provide full compensation to victims following a significant reversal of their earlier stance. Weeks of public pressure and scrutiny of property dealings led the related entity, Edmund Rice Education Australia (EREA), to agree to cover all outstanding claims.

Previously, the Christian Brothers had announced financial insolvency and proposed selling 36 properties, valued at approximately $217 million, to distribute proceeds among various creditors, including abuse survivors who were estimated to be owed $774 million. This plan faced strong opposition, particularly concerning the vast property holdings that the Christian Brothers had gifted to EREA for nominal sums over a decade, which survivors were told were off-limits.

EREA, established in 2007 to manage former Christian Brothers schools, had also refused to replace the Christian Brothers as the defendant in court claims. Survivors were in the process of seeking a court order to compel EREA to do so. However, statements released on Friday indicated EREA's commitment to "compensate victims and survivors of historical abuse claims against the Christian Brothers in full."

Dr Stephen Brown, chair of EREA's Trustees, stated that the organization supports the revised scheme as the "right thing to do" for victims and survivors, ensuring a "just and sustainable pathway" while also supporting the educational ministry. The new proposal ensures that current claimants with settlements or judgments will be paid in full, and EREA will assume responsibility for all current and future legal proceedings, as well as claims before the National Redress Scheme. Survivors with claims not yet crystallized will be able to sue EREA or seek redress through the national scheme, with EREA consenting to be a defendant in such cases.

Grace Wilson, a partner at Rightside Legal representing numerous claimants, hailed the decision as a victory for survivors, attributing EREA's "folding" to legal pressure. She advised other religious orders to note that transferring wealth would not shield them from their obligations. The two entities will now spend up to two months finalizing the details of the new proposal, which will then be subject to a creditor vote and court approval.

Frequently asked questions

The Christian Brothers initially proposed selling 36 properties worth approximately $217 million to meet civil claims from abuse survivors, who were estimated to be owed $774 million. They claimed to be going broke and unable to meet these claims.

The change followed significant public backlash and scrutiny of property dealings between the Christian Brothers and EREA, a related entity that had received vast property holdings for nominal amounts. Survivors were actively pursuing legal action to compel EREA to cover the claims.

EREA was created in 2007 to assume control of former Christian Brothers schools and was gifted lucrative property holdings by the Christian Brothers. It manages educational institutions and now agrees to compensate abuse survivors.

It means that current claimants with settlements or judgments will be paid in full, and EREA will assume responsibility and liability for all current and future legal proceedings, as well as claims before the National Redress Scheme.

What Happens Next

01The Christian Brothers and EREA will determine the details of the new proposal within two months.
02The proposed scheme will be put to a vote by creditors.
03The scheme will require court approval.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence

How It Developed

The Christian Brothers announced they were going broke and could not meet civil claims from abuse survivors.
A plan was proposed to sell 36 properties worth $217m to split proceeds among creditors, including survivors owed $774m.
This plan faced backlash, leading to scrutiny of property dealings between the Christian Brothers and EREA.
EREA, which received vast property holdings from the Christian Brothers for nominal amounts, had previously refused to cover compensation claims.
Survivors were attempting to get a court order to force EREA to replace the Christian Brothers as defendant.
Both entities issued statements indicating EREA agreed to compensate victims in full.
EREA will assume responsibility for all current and future legal proceedings and claims before the National Redress Scheme.
The revised scheme will be put to a vote by creditors and requires court approval.
Sponsored

London Quick Take - 22 July - UK inflation softens, oil rises and chips rally ahead of Alphabet, Tesla earnings

SAXO

Sources

T1
Christian Brothers abuse victims to get ‘full’ compensation in backdown after controversial property salesThe Guardian

Related Stories

India Restarts Visa Processing in Australia After 23-Day Disruption
23 Jul · 9:11 AM
US agency drops bid to force Penn to provide names in antisemitism probe
23 Jul · 7:44 PM
Adelaide Airport Pulls Conservation Ads, Keeps Gas and Mining Promotions
24 Jul · 4:51 AM
Rayner refuses to repay severance pay after cabinet return
23 Jul · 5:46 PM
Nun detained by ICE while walking to Mass speaks out
23 Jul · 5:21 PM