Highlights

  • Spenda Gateway targets the ATO's 30 November 2026 credit card cut-off, which affects businesses that pay tax bills by card.
  • The platform charges a per-transaction service fee of 1.2% to 1.7%, displayed to the payer before authorisation.
  • The annual general meeting takes place on 26 November 2026 in Melbourne, with seven resolutions on the agenda.
  • Shareholders will vote on a related-party issue of up to 51,003,375 shares and 51,003,375 listed options.

A deadline is approaching for Australian businesses that pay the tax office by credit card, and Spenda Ltd (ASX:SPX) wants its payments platform to be the answer. The ATO stops accepting credit cards on 30 November 2026, and the company has set out how Spenda Gateway lets businesses continue funding ATO payments with a credit card.

A Deadline Opens the Door for Spenda Gateway

The company detailed its plan on 6 October 2026. It noted that the Reserve Bank's surcharge ban took effect on 1 October 2026 and that the tax office will stop taking credit cards on 30 November 2026. Credit cards covered about 2.3% of ATO collections in 2024-25, a volume above $14.6 billion, and the company estimates card merchant fees on that flow at around $200 million a year.

Under the Spenda Gateway model, a business pays ATO bills and supplier invoices by credit card in its own name. It keeps the card's interest-free period and any rewards. Spenda charges a per-transaction service fee of 1.2% to 1.7%, which the payer sees before authorising a payment. The company gave no revenue projections for the product.

Convertible Funding Underpins the Rollout

A convertible securities agreement with Obsidian Global GP LLC, disclosed in 2025, provides for up to $3.5 million in total. The company drew $1.25 million at the outset, issuing 1,250,000 notes on 19 August 2025. A further $500,000 was subject to shareholder approval, and the final $1.75 million would follow by mutual agreement.

Each note matures 24 months after purchase and carries no interest unless a default event occurs. A general charge over the company secures the notes.

Annual Meeting Puts Governance and Capital on the Agenda

Spenda released its notice of meeting on 23 October 2026. The annual general meeting will be held on 26 November 2026 at 2:00pm AEDT at 365 Little Collins Street, Melbourne. Proxy forms are due by 2:00pm AEDT on 24 November.

Seven resolutions are on the table. They cover the non-binding remuneration report, the re-election of Peter Richards, and the election of Niv Dagan and Bill Pavlovski. Shareholders will also consider adopting an Employee Securities Incentive Plan and approving additional 10% placement capacity under Listing Rule 7.1A, which requires a special resolution.

One item stands out: approval for a related party to receive up to 51,003,375 fully paid ordinary shares and 51,003,375 listed options under Listing Rule 10.11.

Key Dates Ahead

The annual general meeting on 26 November 2026 comes four days before the ATO cut-off on 30 November 2026. The product announcement carried no financial forecasts, and the related-party issue remains subject to shareholder approval.

Stock Price Information

Spenda shares were unchanged at A$0.002 on 27 October 2026, giving the company a market capitalisation of about A$1.86 million. The stock is down 87.5% over the past year.