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At the end of 2007, Nambawan Super Ltd reached K2 billion mark in total assets, indicating 40% growth and a new record level for the fund.
Also, Nambawan Super received K250 million from the Government of PNG to settle part of its Unfunded Liability from proceeds available from the state's unbudgeted budget surplus.
New Kiosks locations, working along with POST PNG.

Latest News

Housing Advance

The trustee has amended the housing scheme guidelines inline with the provisions of the new superannuation legislation and these include:

Housing Advance will be paid to contributors provided the house is currently or will be immediately become occupied after the purchase or construction and becomes the contributor's principal place of residence
Members can access up to 100% of their own total superannuation contributions
Mandatory repayments to be made a minimum of 2 % of member's ordinary pay, however higher repayments are encouraged;
A member must have contributed for at least 5 years in order to be eligible;
A nominal fee and any statutory document fees will be charged for processing and payment of the advance.

Other than Housing Advance, the Trustee is not allowed to lend money from the Fund.

Four (4) methods of assistance are available to a member as Housing Advance:

Purchasing a building erected on State land;
Extension to an existing building;
And improvements or renovations
Building on customary land, provided all documents are provided with evidence of land ownership.

Before a member can apply for a Housing Advance he or she must have contributed to the Nambawan Super for at least five (5) years. Members are entitled to 100% of their own contributions.



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		Access your Nambawan Super member database here. >> Click here to login Members Online Database Contact us online by sending us an email now. >> Send Email here Email Us At the end of 2007, Nambawan Super Ltd reached K2 billion mark in total assets, indicating 40% growth and a new record level for the fund. Also, Nambawan Super received K250 million from the Government of PNG to settle part of its Unfunded Liability from proceeds available from the state's unbudgeted budget surplus. New Kiosks locations, working along with POST PNG. Latest News Housing Advance The trustee has amended the housing scheme guidelines inline with the provisions of the new superannuation legislation and these include: Housing Advance will be paid to contributors provided the house is currently or will be immediately become occupied after the purchase or construction and becomes the contributor's principal place of residence Members can access up to 100% of their own total superannuation contributions Mandatory repayments to be made a minimum of 2 % of member's ordinary pay, however higher repayments are encouraged; A member must have contributed for at least 5 years in order to be eligible; A nominal fee and any statutory document fees will be charged for processing and payment of the advance. Other than Housing Advance, the Trustee is not allowed to lend money from the Fund. Four (4) methods of assistance are available to a member as Housing Advance: Purchasing a building erected on State land; Extension to an existing building; And improvements or renovations Building on customary land, provided all documents are provided with evidence of land ownership. Before a member can apply for a Housing Advance he or she must have contributed to the Nambawan Super for at least five (5) years. Members are entitled to 100% of their own contributions.