In the latest Finance News Wrap by Financial Services Online: ASIC issued penalties to Sky Money and Smart Financial Capital for allowing unregistered advisers to deliver personal advice. Australias unemployment increased to 4.3% in June from May's 4.1% and the nation faces potential rate cuts amid inflation-related uncertainty. Australia's economic stability is shaky with combined state and federal budget deficits of $52 billion, with net debt standing over 60% of GDP. The Reserve Bank of Australia proposes to ban surcharges to card payments costing consumers around $1.2 billion annually. The proposal consultation will end on August 26th with an expected 2026 implementation. Stay tuned for financial updates with Financial Services Online.