Overview
- The NSW Supreme Court granted the moratorium on Thursday, pausing all civil claims against the Christian Brothers nationwide, including settled claims that have not yet been paid.
- Trustees told the court they hold about A$23 million in cash, have been paying roughly A$1.7 million a week to survivors, and estimate total liabilities of about A$774 million against roughly A$216 million in assets.
- The trustees seek a Part 5.1 creditors' scheme that must win votes from a majority of creditors and those holding at least 75% of claim value before a court can approve it, with a two‑day hearing set for 21–22 September.
- Survivors, their lawyers and Commonwealth counsel highlighted past transfers of schools and property to Edmund Rice Education Australia for nominal sums and said those moves may have put assets beyond victims' reach.
- Victims say the moratorium has reopened trauma and lawyers are preparing carve‑outs and alternative actions, including attempts to name EREA trustees as defendants to try to recover transferred assets ahead of the September hearing.