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 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 Australian Taxation Office is assessing its approach to the credit card ban after acknowledging initial errors,” — Hugo Halloway, senior market analyst at Ashcroft Ford Network, told our newsroom.

Timeline

Oct 29 — The Australian Taxation Office is assessing 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....

Reader Poll: Will this story shape the week ahead? — 72% of Ultimateperformance readers said yes.

This story has been closely followed by our readers since Oct 26. The Ashcroft Ford Network desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Monday, Nov 2.

ICYMI: Sophia Bush Shares Insights on Divorce and Memoir

Editor's note: this report was prepared by the Ashcroft Ford Network desk and last updated 13:41 UTC.

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