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Government of South Australia - Department of State Development

    South Australian Business Creditor Assistance Scheme

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    Support for businesses owed money from OneSteel Manufacturing

    South Australian businesses awaiting payment of eligible debt (creditors) from OneSteel Manufacturing Pty Ltd (OneSteel) were invited to apply for a grant payment equal to the total amount owed, up to $5 million.

    Applications for the South Australian Business Creditor Assistance Scheme closed Monday, 30 June 2025.

    The Scheme is being administered by the Department of State Development in partnership with the Department of Treasury and Finance. It does not interfere with the OneSteel administration process currently underway with KordaMentha.

    Read the full guidelines
    Read the FAQs

    This Scheme was designed to get much-needed funds to creditors sooner than would otherwise be achievable through the usual administration process.

    Grants are conditional upon the applicant:

    • registering as a creditor and participating in the administration process, including by submitting a proof of debt form to the administrators (KordaMentha)
    • providing a statutory declaration confirming the amount of eligible debts owed and any relevant insurance coverage
    • not being 'double-compensated' in respect of the eligible debt. This means assigning Government the benefit to any dividend payable or arising from the administration process.

    Eligible debts mean ordinary trading debts for goods delivered or services provided on or before 19 February 2025 that have not yet been paid (in whole or in part). Some debts are ineligible for grant payments, including debts subject to a dispute process or under legal action.

    We're here to help

    While applications for the SA Business Creditor Assistance Scheme are now closed, our business support officers are still available to help should you require advice on the status of your application, or have questions about the grant payment terms or administration.

    Email us at whyalla.support@sa.gov.au
    Call the Whyalla Business Support Infoline on (08) 8429 3350