The Supreme Court of Queensland has approved a contract for the Presbyterian Church's receivers to sell three of its five aged-care homes in the state.
News by CITY BEAT Anthony Marx 14th May 2021 4:37 AM
Premium Content The long-running financial crisis engulfing one of the state s biggest churches has deepened dramatically. The Presbyterian Church of Queensland revealed on Thursday that it had secured court orders to tip its legal entity, PCQ, into receivership, a move certain to shock employees, congregants and other stakeholders. Services for aged care facilities, schools, congregations and other community groups will continue to operate as usual while the receivers, PwC bean counters Michael Owen and Phil Carter, review PCQ s operations. The startling development follows the church s failed efforts at a restructure over more than a year as it sought to extricate itself from a disastrous involvement in the aged care sector.