The South Australian government says it has sought advice from insolvency experts about the situation at the Whyalla steelworks — and has acknowledged the possibility that the site’s owner, which has fallen behind on its royalty payments, could go “into administration”.
Treasurer Stephen Mullighan told state parliament on Tuesday that GFG Alliance was “in arrears”, describing it as “a serious issue for the state”.
But the government has refused to disclose the amount owed, saying it is more focused on creditors getting paid.
