Regulator investigates Presbyterian Church of Queensland fund as $26m from investors frozen
Exclusive: Parishioners fear loss of individual churches after receivers appointed to manage debts of $101m
Source: theguardian.com
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Why crisis-hit church called in receivers
News by CITY BEAT Anthony Marx 14th May 2021 4:37 AM Premium Content The long-running financial crisis engulfing one of the states 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, co...
Michael Owen Phil Carter Stuart Hoadley Queensland Theological College Supreme Court Presbyterian Church
Source: sunshinecoastdaily.com.au
Church-run hospitality firm goes bust
KITCHEN CLOSED A Presbyterian Church-run hospitality company that provided meals to the aged and hotel industry across Queensland has gone belly up. Contented Chef, owned by troubled aged care operator PresCare, was put into liquidation earlier this week adding to the financial woes of the churchs various businesses. Contented Chef was a commercial kitchen cooking meals and ingredients for aged care homes, hotels, restaurants and convenience stores. Peter Lucas, of PA Lucas & Co, has been ...
Source: whitsundaytimes.com.au