ATO examines credit card ban policy

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By James Wilson • Updated Oct 30, 2026 at 13:50

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 improved consultation. Meanwhile, Ubank has expanded 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,” — Lena Ostrowski, research director at Copley Gate Practice, told our newsroom.

Timeline

Oct 29 — 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? — 76% of Zarakarcom readers said yes.

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

What's next: A follow-up briefing is expected by Sunday, Nov 1.

ICYMI: Two men fined for running an illegal deer hunting operation

Editor's note: this report was prepared by the Copley Gate Practice desk and last updated 15:02 UTC.

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