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1. If that's all it has been used for during the year. Yes. If part private use then apportion (maybe) 2. Non-assessable. Despite it having "moneys worth" its not income under ordinary concepts. The ATO Rulings and Practice Stmt consider "business" expenditure to satisfy that test.

That seems a very valid approach. You seem to understand that you don't want to use the card for any other purposes and that paying the end of month balance seems to be a refinance.