To be eligible for the grant, the applicant must:
- be a legal entity established in Australia (a sole trader, company, partnership or corporate trustee of a trust). Incorporated entities must be incorporated in Australia;
- be a South Australian Business that is conducting business operations and have their principal place of business registered at a premises within the City of Whyalla as at 1 February 2025;
- hold an active Australian Business Number (ABN) as at 1 February 2025
- be registered for Goods and Services Tax (“GST”). Not-for-profit organisations that are not registered for GST will need to provide their most recent lodged tax return confirming annual turnover was greater than $75 000;
- have an Australia-wide grouped payroll of less than $1.5 million in 2023-24 [note the information you provide with your application will be verified against information held by Revenue SA];
- demonstrate a decline in revenue of twenty percent (20% ) or more in any consecutive three (3)-month period within the nine (9) months prior to 19 February 2025, compared to the same three (3)-month period in the year prior (the ‘comparative period’)
- Businesses that have been operating for less than fifteen (15) months must demonstrate that revenue has declined over another period of operation, not less than 2 months, by twenty percent (20%) or more, to the satisfaction of the Treasurer, or their delegate. Evidence could include average monthly trading activity, comparisons against projections, volumes of products produced/sold
- demonstrate minimum revenue of $15,000 in the three (3) month comparative period.
- Businesses that have been operating for less than 15 months must demonstrate that revenue would have been at least $15,000 across a three (3)-month period since commencing/taking over operations.
To be considered as part of the application process, and as an essential criterion, applicants are also required to describe, to the satisfaction of DSD and DTF, how their business has been negatively impacted by OneSteel entering administration or the recent decline in activity at OneSteel or its related businesses. The Treasurer, or their delegate, may decline an application in the event a clear linkage is not demonstrated to their satisfaction.
The following organisations are not eligible for assistance:
- GFG entities (defined below)
- Public companies within the meaning of the Corporations Act 2001 (Cth) (except for not‑for‑profit organisations that are established as a public corporation, limited by guarantee)
- Tax-exempt entities (except for registered charities that are income-tax exempt)
- Local Government and Councils
- Local Government Associations
- Industry Associations
- State or Federal Government agencies.
For the purposes of the above, GFG entities include:
- the ‘Gupta Family Group Alliance’ companies owned or controlled (within the meaning of s 50AA of the Corporations Act 2001 (Cth)) in whole or part by Sanjeev Gupta or his interests;
- related body corporates (within the meaning of s50 of the Corporations Act 2001 (Cth)) to those companies;
- associated entities (within the meaning of s50AAA of the Corporations Act 2001 (Cth)) to those companies;
- directors, shareholders, investors or employees of those companies described in the preceding points above;
- any company, trust, association or partnership in which the entities or persons set out above have any ownership or any other legal or beneficial interest; and
- any other entity or person designated by the Treasurer or delegate in their reasonable opinion.
Small businesses may be assessed for exceptional circumstances eligibility where they do not explicitly meet the specific eligibility criteria outlined in this section but are located within the City of Whyalla local government area and have been significantly impacted by OneSteel’s entry into administration or the decline in activity at OneSteel and its related businesses.
Eligibility under exceptional circumstances will be considered by the Treasurer, or their delegate, on a case-by-case basis. The Treasurer, or their delegate, is not obliged to approve any application.