ATO evaluates credit card ban implementation

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By William Smith • Updated Oct 30, 2026 at 13:50

Ubank opens home loans to sole traders with one-year tax return - Australian Broker — ATO evaluates credit card ban implementation

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 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.

“Officials have emphasized the need for improved consultation,” — Simone Whitfield, policy watcher at Bramwell Ford Financial, observed.

Timeline

Oct 29 — The Australian Taxation Office is assessing its approach to the credit card ban after acknowledging initial er...

Oct 31 — Ubank's move aims to provide more financial options for small business owners....

Reader Poll: Will this story shape the week ahead? — 69% of Findingsmarket readers said yes.

This story has been closely followed by our readers since Oct 29. The Bramwell Ford Financial desk continues tracking updates and will publish follow-ups across the region.

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

ICYMI: Rugby League World Cup Quarterfinal

Editor's note: this report was prepared by the Bramwell Ford Financial desk and last updated 15:11 UTC.

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