CPAAUSTRALIAASIA-PACIFICSMALLBUSINESSSURVEY201810THANNUALREPORTONSMALLBUSINESSISSUESANDSENTIMENTACROSSTENECONOMIESINTHEASIA-PACIFIC2|CPAAUSTRALIAASIA-PACIFICSMALLBUSINESSSURVEY2018Legalnotice©2019CPAAustraliaLtd(ABN64008392452).Allrightsreserved.Thereproduction,adaptation,display,communicationorsaleofthisCPAAustraliaAsia-PacificSmallBusinessSurvey2018(‘theMaterials’)isstrictlyprohibitedunlessexpresslypermittedunderDivision3oftheCopyrightAct1968(Cth).ForpermissiontoreproduceanypartoftheMaterials,pleasecontacttheCPAAustraliaLegalBusinessUnit–legal@cpaaustralia.com.au.TheseMaterialshavebeencreatedforacademicpurposesonlyandarenotintendedtoconstitutelegalorprofessionaladvice.CPAAustraliadoesnotwarrantormakerepresentationsastotheaccuracy,completeness,suitabilityorfitnessforpurposeoftheMaterialsandacceptsnoliabilityorresponsibilityforanyactsoromissionsmadeinrelianceoftheMaterials.Whereanylawprohibitstheexclusionofsuchliability,CPAAustralialimitsitsliabilitytotheresupplyoftheinformation.3|CPAAUSTRALIAASIA-PACIFICSMALLBUSINESSSURVEY2018CONTENTSOVERVIEW...............................................................................................................................4EXECUTIVESUMMARY...........................................................................................................5MAJORFINDINGS....................................................................................................................8MAJORFINDING1...................................................................................................................8MAJORFINDING2...................................................................................................................9MAJORFINDING3.................................................................................................................10MAJORFINDING4.................................................................................................................13MAJORFINDING5............................