Whyalla Small Local Business Support

To be eligible for the grant, the applicant must:

• be a legal entity established in Australia. Incorporated entities must be incorporated in Australia;

• be a South Australian business;
• be 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 not registered for GST will need to provide their most recent lodged tax return confirming annual turnover greater than $75 000;

• have an Australia-wide grouped payroll of less than $1.5 million in 2023-24;

• demonstrate a decline in revenue of 20% or more in any consecutive 3-month period within the prior 9 months, compared to the same 3-month period in the year prior ('Comparison period')

• • Businesses that have been operating for less than 15 months must demonstrate that revenue has declined over another period of operation not less than 2 months by 20% or more;

• demonstrate minimum revenue of $15,000 in the 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 3-month period since commencing/taking over operations;

• be able to describe, to the satisfaction of Department of State Development (DSD) and Department of Treasury and Finance (DTF), how their business has been negatively impacted by OneSteel entering administration or the recent decline in activity at OneSteel or its related businesses.

Applicants must declare that they meet the Eligibility Criteria when submitting the application and provide the following evidence in support of their application:

• Where you submit quarterly or monthly Business Activity Statements: copy of lodged business activity statements (BAS) downloaded from the Australian Taxation Office (ATO) portal for the relevant quarter/s and the comparison quarter/s in the previous as per eligibility criteria.

• Where this is not available: copies of income statements/financials validated by a registered and qualified accountant, with such qualifications as determined by the Treasurer or delegate, for the relevant quarter/s and the comparison quarter/s in the previous year.

• Bank statement: a copy of the business’ bank statement, which must show the bank name and logo, business’ bank account name(s), BSB and account number.
• Insurance: a Certificate of Currency for any business insurance policy [if the business does not have an insurance policy, the form will give the applicant the option to provide their most recent Business Activity Statement issued by the ATO].
• Where an existing business has been purchased: evidence of the downturn should be provided by comparing against income received against an equivalent quarter of the former business and independent verification from a registered and qualified accountant.
• Where a new business has commenced less than fifteen (15) months prior to being impacted: evidence of the downturn should be provided via other evidence verified by a registered and qualified accountant (which could include average monthly trading activity since business commencement).
• Other: any other information requested from time to time by DSD or DTF through the application process.

The following organisations are not eligible for assistance:

• businesses that are not both Small businesses and South Australian Businesses.
• 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.