The Australian Taxation Office is assessing 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 ATO's review comes as it faces scrutiny over its handling of the credit card ban,” — Farah Vance, research director at Bircroft Combe Group, added during the briefing.
Timeline
Oct 27 — 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....
This story has been closely followed by our readers since Oct 28. The Bircroft Combe Group desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Oct 31.
Editor's note: this report was prepared by the Bircroft Combe Group desk and last updated 13:45 UTC.
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