Christian Brothers transfer valuable schools for $1 amid financial concerns
The Christian Brothers transferred valuable schools in Australia for $1 each, claiming financial instability amidst compensation obligations to abuse survivors. The Oceania Province reported it would struggle to cover nearly $6 million monthly for such claims, while the Trustees of Edmund Rice Education Australia held assets worth over $2.28 billion, raising suspicions about asset shielding by the order.
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Published 29 Jun 2026, 09:30 UTC · Updated 29 Jun 2026, 09:40 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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