‘Bathurst Anglican church forced to sell property to meet contested CBA debt’
Posted on March 24, 2016
Filed under Australian dioceses
“The Anglican diocese of Bathurst is being forced to sell church property following a NSW Supreme Court order to settle an outstanding debt of up to $25 million to Commonwealth Bank of Australia.
The diocese, which covers one-third of the area of NSW, is likely next month to approve the first sale of properties at a synod, or governing council, after losing a lengthy battle in which it argued it did not have the authority to sell property it held under trust structures…”
– Report from The Australian Financial Review.
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