South Australian Business Creditor Assistance Scheme

As part of your application, you will be required to provide evidence of your eligibility which includes:

• a copy of the business’ bank statement, which must show the bank name and logo, business’ bank account name(s), BSB and account number
• a Certificate of Currency for any business insurance policy. If your business does not have a relevant insurance policy, you will be given the option to provide your most recent Business Activity Statement issued by the Australian Taxation Office (ATO)
• a completed Proof of Debt form, including supporting evidence as requested by the administrator, which you have submitted to KordaMentha
• a Statutory Declaration (see below).

Applicants are required to submit a signed Statutory Declaration form as part of their application.

This is a legal document by which you are required to declare the truth of all details provided in support of your application and eligible debts, including your confirmation that:

• your business meets the eligibility criteria
• the total amount of debt owed in the Proof of Debt form and claimed is an eligible debt
• whether your business has a trade credit insurance policy, including details of (a) the level of cover/entitlement under that policy and (b) any claims made or entitled to be made;
• your business will pay debts owed to its subcontractors as and when they fall due and payable.

The signing of this Declaration must be witnessed in front of an Authorised Witness, most commonly a Justice of the Peace (JP).

JP sessions are held weekly at the Whyalla Library. Other authorised witnesses include medical practitioners and vets, police officers, court registrars, bank managers, lawyers and conveyancers and accountants.

Once the application has been completed to the satisfaction of assessors, and the South Australian Government has verified the eligibility of applicants and any debts, a Grant Agreement will be provided and payment made.

Interim payments (Part 2) are made on an initial assessment of the materials provided by applicants against the eligibility criteria, and can be prioritised for processing. Interim payments (tranche 1) will be made within 15 days of an application being processed and Grant Agreement executed. Any remaining payments will be made following the usual verification of eligibility in accordance with the Scheme guidelines.