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

ATO examines credit card ban policy

The Australian Taxation Office is assessing its approach to the credit card ban after acknowledging initial errors. Officials have emphasized the need for enhanced communication. 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,” — Ingrid Thorne, staff writer at Healey Worth Network, commented.

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: Should officials respond faster on issues like this? — 79% of Bdmartx readers said yes.

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

What's next: A detailed recap is expected by Monday, Nov 2.

ICYMI: Serious injuries for girl in wolf attack at German park

Editor's note: this report was prepared by the Healey Worth Network desk and last updated 13:42 UTC.

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