The Archdiocese of Sydney controls funds with assets of $1.24 billion and generates annual multimillion-dollar surpluses, according to evidence tendered yesterday to the Royal Commission into Institutional Responses to Sexual Abuse.
- The Sydney Morning Herald/ABC
An unprecedented glimpse of the Church's books was provided by the archdiocese's business manager, Danny Casey, who said the funds are 'ultimately controlled by – owned by, if you like – the archbishop of the day.'
Since Cardinal George Pell's appointment as Archbishop in 2001, the Archdiocese has received 204 claims and paid out just under $8 million to victims of child sexual assault, the Commission has been told. Payments to 'non-school victims' were $5.4 million. This included $740,000 for 'boundary issues with adults.'
The Commission heard the archdiocesan funds have generated annual surpluses including $43.95 million (2007), $19.6 million (2006) and $9.1 million last year.
Pell’s church loaded with assets (The Australian)
Catholic church's $1.2 billion in funds (SkyNews)
Archbishop response to abuse claims (The Australian)