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Department of State Development awarded a contract to Assett Mechanical Engineering Unit Trust for a grant under the South Australian Business Creditor Assistance Scheme.

The Department delivered the Scheme on behalf of the Treasurer of South Australia and provided a grant to assist the grant recipient to continue to operate its business as a going concern during the external administration of OneSteel Manufacturing Pty Ltd (Administrators Appointed), the designated entity.

Grants within the Scheme were provided to support eligible businesses that were owed one or more eligible debts by the Designated Entity as set out in the Scheme guidelines.

The Chief Executive, Department of State Development approved the exemption from disclosure/redaction of the grant amount and listing of debts in Attachment 4 under Section 22.1 of Premier and Cabinet Circular 027 on the grounds of genuinely confidential business information.