Labor knew in July, months earlier than previously admitted, that ATO planned to ban credit card payments

Labor knew in July that the Australian Taxation Office was considering banning credit card payments. Photograph: Anadolu/Getty Images

The federal assistant treasurer has conceded he and Jim Chalmers knew the Australian Taxation Office was considering banning credit card payments in July, more than two months earlier than the government has previously admitted.

Labor has intervened by funding the ATO to delay the credit card ban for tax bills until July 2027 after widespread backlash from small businesses.