With the financial year almost half over, how is Australian business confidence holding up as we move towards 2011? Tim Reed, CEO of business systems firm MYOB, says their Business Monitor survey shows that cashflow remains a major worry for many business owners, but so does the impact of government red tape and regulation. That's been exacerbated by the election of a minority government, which adds a new layer of uncertainty about policy towards business. Issues like carbon pricing, more debate about tax reform, exchange and interest rates and the global economy are very much on the minds of Australian business owners as they prepare to close the books on 2010.
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