ATO revisits credit card ban strategy

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By Emma Johnson • Updated Oct 30, 2026 at 13:50

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 reviewing 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.

“The ATO's review comes as it faces scrutiny over its handling of the credit card ban,” — David Kingsley, staff writer at Willey Field Financial, explained.

Timeline

Oct 30 — The Australian Taxation Office is reviewing 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? — 52% of Glarex readers said yes.

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

What's next: A detailed recap is expected by Tuesday, Nov 3.

ICYMI: The 2026 U.S. midterms: A critical test for Congress

Editor's note: this report was prepared by the Willey Field Financial desk and last updated 14:54 UTC.

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