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 Vast wealth of Catholic church revealed
Flin
 Posted: Feb 12 2018, 07:50 AM
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Vast wealth of Catholic church revealed
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The Catholic Church has been revealed as Victoria's largest non-government property owner, casting doubt over claims it would be forced to cut social work if forced to compensate victims of clergy sexual abuse.

An investigation by Fairfax Media published on Monday reports that the church appears to own more than $30 billion in property and other assets across Australia.

Fairfax estimated the church's Victorian portfolio to be about $9 billion, but in evidence to the royal commission in 2014 it valued its Melbourne properties at $109 million.

The apparent wealth of the church contrasts with findings by the royal commission, which found the average payout by the church's compensation scheme established by former archbishop George Pell 20 years ago was $35,000 or less for those who had been abused by clergy.

"These figures confirm what we have known; there is huge inequity between the Catholic Church's wealth and their responses to survivors," Helen Last, chief executive of the In Good Faith Foundation, which supports abuse survivors told Fairfax.

"The 600 survivors registered for our foundation's services continue to experience minimal compensation and lack of comprehensive care in relation to their church abuses. They say their needs are the lowest of church priorities."

The government is rolling out a redress scheme for survivors from July 1, fulfilling a key recommendation of the child abuse royal commission.

The Catholic Church, which had already promised to join the national redress scheme, urged the states and territories to act.
http://www.couriermail.com.au/news/breaking-news/vast-wealth-of-catholic-church-revealed/news-story/37ec21e4b44239df6a19085ec71dc4ea

Nothing new to see here, move along folks.

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Flin's opinions and comments reflect his perception of the facts and not necessarily reality
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scepo
 Posted: Feb 12 2018, 10:58 AM
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Nothing new to see here, move along folks.

That's for sure Flin. And it is not just in Victoria, the Catholic church worldwide has amassed massive wealth.

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Michael.W
 Posted: Feb 12 2018, 07:42 PM
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Of the religious cult organisations of the world, non greater that the catholic church system. Many others are no different. Apart from climate change, no other greater scam was ever event by religious cults dating back hundreds of years.

Religion. Singularly also behind the highest majority of wars ever had as well.


This post has been edited by Michael.W: Feb 12 2018, 10:43 PM
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Alicia
 Posted: Feb 12 2018, 08:26 PM
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Are churches regarded as not for profit organisations? Maybe a review of their tax status is required.
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Bear
 Posted: Feb 12 2018, 09:28 PM
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Vast wealth of Catholic church revealed.

What was revealed - a sudden drop in value occurred just before the royal commission in 2014 - the value of their portfolio dropped to just over one-ninetieth of its original value - how extraordinary, a bloody miracle, it would seem that the Lord moves in very mysterious ways for the Catholics.


Fairfax estimated the church's Victorian portfolio to be about $9 billion, but in evidence to the royal commission in 2014 it valued its Melbourne properties at $109 million.

"These figures confirm what we have known; there is huge inequity between the Catholic Church's wealth and their responses to survivors," Helen Last, chief executive of the In Good Faith Foundation, which supports abuse survivors told Fairfax.

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