Support for SA businesses owed money by designated OneSteel entities

Overview

There are 2 parts to this scheme:

Part 1: South Australian creditor assistance

• These payments are designed to support South Australian businesses who can demonstrate that they meet the Scheme eligibility criteria and are owed outstanding eligible debts by OneSteel as at the date of its entry into administration, being 19 February 2025.
• Eligible creditors can apply for a grant payment of up to $5 million per employer group, or the total value of the eligible debt owed, whichever is the lesser.

Part 2: Whyalla creditor assistance

• Businesses based in Whyalla and owed $5,000 or more may be eligible for an interim payment of up to 50% of eligible debts owed, up to $1 million.
• If verified to be eligible, these applicants may go on to receive further payment, to the balance of total debt owed (up to $5 million per business).