The Catholic Church rarely divulges any facts about the extent of its wealth. Its concern for secrecy and privacy might have been understandable at other times, but not now – not in the aftermath of the child abuse royal commission, when its ability to compensate victims is a current issue.
The Herald's lengthy investigation has used Victorian data from the administration of that state's fire services levy, our reporters estimate, using conservative assumptions, that the church there holds assets of about $7 billion. On the same assumptions they arrive at a national total of about $30 billion.
http://www.smh.com.au/comment/smh-editorial/the-church-as-shapeshifter-20180213-h0w10o
The Herald's lengthy investigation has used Victorian data from the administration of that state's fire services levy, our reporters estimate, using conservative assumptions, that the church there holds assets of about $7 billion. On the same assumptions they arrive at a national total of about $30 billion.
http://www.smh.com.au/comment/smh-editorial/the-church-as-shapeshifter-20180213-h0w10o
