The Australian Taxation Office is reviewing 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.
“Ubank's move aims to provide more financial options for small business owners,” — Owen Marlowe, contributing analyst at Willey Gate Partnership, added during the briefing.
Timeline
Oct 28 — The Australian Taxation Office is reviewing its approach to the credit card ban after acknowledging initial er...
Oct 29 — Ubank's move aims to provide more financial options for small business owners....
This story has been closely followed by our readers since Oct 29. The Willey Gate Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Willey Gate Partnership desk and last updated 13:37 UTC.
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