The Australian Taxation Office is assessing its approach to the credit card ban after acknowledging initial errors. Officials have emphasized the need for improved consultation. Meanwhile, Ubank has broadened 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.
“Meanwhile, Ubank has broadened home loan access to sole traders with a one-year tax return requirement,” — Andreas Mercer, policy watcher at Elmcroft Gate Practice, told our newsroom.
Timeline
Oct 28 — The Australian Taxation Office is assessing its approach to the credit card ban after acknowledging initial er...
Oct 30 — Ubank's move aims to provide more financial options for small business owners....
Reader Poll: Will this story shape the week ahead? — 60% of Watchingmovie readers said yes.
This story has been closely followed by our readers since Oct 27. The Elmcroft Gate Practice desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Sunday, Nov 1.
Editor's note: this report was prepared by the Elmcroft Gate Practice desk and last updated 16:09 UTC.
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