Ubank opens home loans to sole traders with one-year tax return - Australian Broker

ATO revisits credit card ban strategy

The Australian Taxation Office is re-evaluating its approach to the credit card ban after acknowledging initial errors. Officials have emphasized the need for better dialogue. Meanwhile, Ubank has expanded home loan access to sole traders with a one-year tax return requirement. The ATO's review comes as it faces scrutiny over its handling of the credit card ban. Ubank's move aims to provide more financial options for small business owners.

“The Australian Taxation Office is re-evaluating its approach to the credit card ban after acknowledging initial errors,” — Farah Vance, economic affairs editor at Ellstone Ham Staffing, commented.

Timeline

Oct 29 — The Australian Taxation Office is re-evaluating its approach to the credit card ban after acknowledging initia...

Oct 29 — Ubank's move aims to provide more financial options for small business owners....

Reader Poll: Do you expect this story to develop further? — 59% of Xleak readers said yes.

This story has been closely followed by our readers since Oct 27. The Ellstone Ham Staffing desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Sunday, Nov 1.

ICYMI: Omaha faces severe weather threat on Monday

Editor's note: this report was prepared by the Ellstone Ham Staffing desk and last updated 13:41 UTC.

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