The Presbyterian Church of Queensland has gone into receivership, raising questions about the long-term fate of its aged-care facilities, schools and other operations.
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PwC Australia intends to continue all operations while it carries out a sweeping review of the church's activities and financial position.
Reverend Dr Philip Strong said the decision to enter receivership was "regrettable but necessary" to ensure the church's legal entity, PCQ, could continue serving the community.
"While our team has worked hard for more than a year to restructure the operations, historical contractual arrangements have made this extremely challenging," he said.
"I know that today's announcement will be unexpected for our congregations, employees, residents, students and the community. Our priority has always been and will continue to be their wellbeing."
Michael Owen and Phil Carter from PwC Australia said they would work closely with stakeholders while the entity's affairs were examined.
"We plan to continue to operate the services that PCQ provides across the community on a 'business as usual' basis while we conduct this review, and we will update stakeholders further once this initial assessment has been completed," they said in a statement.
PCQ's current operations include PresCare, which has six residential aged-care facilities across Queensland, the Queensland Theological College in Brisbane, and Fairholme College, a day and boarding school for girls in Toowoomba.
Australian Associated Press
