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

The Australian Taxation Office reviews credit card ban approach

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 extended 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,” — Elena Iversen, research director at Keston Ham Partnership, observed.

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: Has this affected your local community? — 77% of Roshansfriends readers said yes.

This story has been closely followed by our readers since Oct 28. The Keston Ham 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.

ICYMI: Jaylen Brown's return shadows Celtics-Nets showdown

Editor's note: this report was prepared by the Keston Ham Partnership desk and last updated 12:39 UTC.

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