Health, Safety, Environment and Community Report 2004

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Australian Workplace Giving

BlueScope Steel recently launched a major new Australian Workplace Giving Program, which will provide the Company's Australian employees with the opportunity to donate a proportion of their pay to charity.

BlueScope Steel will match employee donations, up to a maximum of A$200,000 this financial year.

The Workplace Giving Program recognises that our success is built upon the support of the communities in which we operate. It gives employees the opportunity to make a real difference to their communities, by giving directly to charities to help those in need.

The following eight charities were selected to participate in the program, taking into consideration feedback from an employee survey:

Workplace giving is a 'tax friendly' way for employees to donate regularly to charity and 100% of the donation goes directly to the chosen charity or charities. Effectively the donations are made from pre-tax pay with the tax deduction taken immediately.

The charities will receive a regular income stream and will be able to cut their administrative costs by only having to process one donation, rather than many individual donations.

The Company's matched donations will be allocated amongst the selected charities in the same proportion as employees' donations.

Australian Bush Heritage Fund Australian Red Cross Cancer Council Australian RSPCA The Salvation Army Surf Life Saving Think Kids Royal Childrens Hospital