Michael Bradley
speaker
194 appearances
3 recordings
3 series
first heard Jul 2026
last heard 6 Sep
Michael Bradley’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Jul 2026 with 2.
Appearances
Net result of that is EREA is now a massive landholder.
It reported assets of $2.3 billion two years ago.
And Christian Brothers, which used to own all that land, now doesn't and is now poor.
And Christian Brothers is saying, well, this is all we've got left because we've given most of our assets away.
You know, if this happened in the building industry, so, you know, in the construction industry, there's a well-trodden path of, you know, what's known as phoenixing, where you create an entity to build a building, the entity goes broke and you then create, you know,
magically another entity appears with the same directors and same shareholders and carries on business and, you know, has no liability for the losses of the previous one.
And that's kind of, you know, really what's happened here.
The EREA was created by the Christian Brothers.
There may have been good commercial or whatever strategic reasons to do that, but the effect is the same as a phoenixing.
The story is that at some point a strategic decision was made to restructure the organisation, set up this separate entity and for it to take over the good works of the Christian Brothers in education.
EREA has been very clear in its public statements that, you know, it's an independent entity.
It's not legally responsible for anything that the Christian Brothers have done.
And presumably part of the logic or the rationale of that comes from what the Christian Brothers ultimately said to the Royal Commission, which was one of the things they said was, well,
It was a bit of a mistake putting all these completely untrained brothers in charge of lots of small boys.
So they've sort of set up a more professionalised organisation as the educational institution.
And I guess logically then, if the EREA is running the schools, it should own the schools and own the land that the schools is on.
So that's what we've done.
Nothing to see here.
It all made logical sense and had nothing to do with the fact that they were sitting on a powder keg of claims that were absolutely going to be coming their way from children they abused.
I mean, it's a crushing blow.
Showing 141–160 of 194 · page 8 of 10
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