ENYA - Current Projects

ENYA hosts and coordinates the BCYA which is made up of eight young people selected by the ENYA Board each year. Each council member is a young person in business and throughout the year provides feedback to ENYA on current issues affecting young people in business. ENYA then researches these topics and provides draft submissions to stakeholders on behalf of the BCYA. In the last year alone, the BCYA has been working closely with the Australian Tax Office, ASIC and the various State Law Societies and Attorney-General’s departments, providing these bodies with feedback and observations that may assist them in streaming their services to young people in business.

Law Sense Workshops:
ENYA, with the support of the Australian Government, is developing a series of seminars specifically aimed at assisting young entrepreneurs to understand their legal and compliance obligations in running a small business. The program titled Law Sense will help small business operators achieve growth in their business by building knowledge and skills in relation to:

Intellectual property.

Financial management and the law.

Employment law and human resource management.

Taxation.

Marketing, e-business and the law.

Law Sense will be touring various regional and metropolitan areas across New South Wales between 2006-2008 including: the Illawarra, Greater Western Sydney and the Central Coast. Attendance at the workshops will be free.

Microenterprise Loan:
ENYA with the support of the National Australia Bank (NAB) is committed to assisting young people overcome barriers to starting or expanding a business and is proud to introduce the Microenterprise Loan Program. The program is an innovative new opportunity which makes finance, business training and ongoing support available to young people to establish or expand a business.

Specifically ENYA and the NAB’s Microenterprise Loans have been developed to support young entrepreneurs by offering:

A loan of between $500 and $20 000 to young people for the
purpose of starting or growing a business.
A low interest rate: 5.99% p.a. fixed for the term of the loan.
Access to wide network of support services including a toll free
advice line, an on-line forum for young entrepreneurs and free access
to business information.
Access to the Youth and Enterprise Legal Centre, another of ENYA’s
initiatives, which can help you with many of the legal matters
associated with starting a business on a reduced-fee basis.
The opportunity for skills development in relation to many of
legal matters they face in business through ENYA’s free
workshops and comprehensive program materials.

Youth and Enterprise Legal Centre (YELC):
The Youth and Enterprise Legal Centre (YELC) is a not for profit legal centre established to provide free advice and assistance to young people and those in business. YELC provides services under two streams - the Youth Stream and the Enterprise Stream - and its services include free legal information, legal advice on a cost recovery basis and legal representation in limited circumstances.

YELC can assist people in a various areas of law including debt and credit matters, intellectual property, insolvency and bankruptcy, commercial law and practice, taxation matters, Trade Practices Act matters and limited employment law matters.

For more information please visit the YELC website: http://www.yelc.enya.org.au

Money$ense Financial Literacy Workshops:
The Money$ense Financial Literacy Program was launched at Parliament House in March, 2005. The Money$ense program consists of a series of financial literacy workshops provided to young Australians aged between 16-25 years in 40 locations across Australia. Each workshop offered participants the opportunity to develop their financial literacy skills, awareness and understanding.