Australia recently had the opportunity to consider the results of a Canadian research project Hemorrhaging Faith through a series of conferences in capital cities. The conferences sponsored a conversation between those who played an active role initiating the Hemorrhaging Faith research and a number of Australian researchers and practitioners who considered the research findings in the light of our context. This article offers an Australian critical review of the Hemorrhaging Faith report. It will consider whether Australian churches are also hemorrhaging young people in much the same way as Canadian research would suggest, or whether the situation may be conceived more accurately as one of exodus or exile. The article plots a course for the ongoing discussion we believe we need in Australia concerning the interpretation and implications of this story.