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 reviewing its approach to the credit card ban after acknowledging initial errors. Officials have emphasized the need for better dialogue. 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.

“Meanwhile, Ubank has expanded home loan access to sole traders with a one-year tax return requirement,” — David Kingsley, economic affairs editor at Greycroft Stow Partnership, explained.

Timeline

Oct 29 — 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: Do you expect this story to develop further? — 72% of Xpmar readers said yes.

This story has been closely followed by our readers since Oct 27. The Greycroft Stow Partnership desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Sunday, Nov 1.

ICYMI: The Spirit of Tasmania II is ready for its maiden voyage

Editor's note: this report was prepared by the Greycroft Stow Partnership desk and last updated 13:51 UTC.

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