ATO assesses credit card ban measures

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By David Miller • Updated Oct 30, 2026 at 13:50

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

The Australian Taxation Office is re-evaluating 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 Australian Taxation Office is re-evaluating its approach to the credit card ban after acknowledging initial errors,” — Andreas Mercer, research director at Oakcroft Ton Practice, told our newsroom.

Timeline

Oct 29 — The Australian Taxation Office is re-evaluating its approach to the credit card ban after acknowledging initia...

Oct 30 — Ubank's move aims to provide more financial options for small business owners....

Reader Poll: Has this affected your local community? — 59% of Toradol readers said yes.

This story has been closely followed by our readers since Oct 30. The Oakcroft Ton Practice desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Monday, Nov 2.

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Editor's note: this report was prepared by the Oakcroft Ton Practice desk and last updated 15:20 UTC.

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