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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.

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Housing Advance

Nambawan Super has a Housing Advance Scheme for its members. The application forms and the accompanying guidelines have been redesigned in line with the requirements of the new superannuation legislation.

To qualify, a member must have contributed to the Fund for a minimum of five years. The advance is to be used either for the purchase or construction of a house that is in the principal place of residence of the member.

The maximum advance available is the member's balance of contributions and interest at a time of application. The amount accessible for this purpose is 100% of member's own contribution.

A further advance may be given to the member when the advance is fully repaid.

Members may only be granted an advance where they undertake to repay the advance by way of additional Voluntary member contributions of at least 2% of normal pay. This additional 2% contribution is on top of your normal 6% contributions. Proof of title over the land and, where the land is customary, proof of right to build on the land must be provided.



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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 Nambawan Super has a Housing Advance Scheme for its members. The application forms and the accompanying guidelines have been redesigned in line with the requirements of the new superannuation legislation. To qualify, a member must have contributed to the Fund for a minimum of five years. The advance is to be used either for the purchase or construction of a house that is in the principal place of residence of the member. The maximum advance available is the member's balance of contributions and interest at a time of application. The amount accessible for this purpose is 100% of member's own contribution. A further advance may be given to the member when the advance is fully repaid. Members may only be granted an advance where they undertake to repay the advance by way of additional Voluntary member contributions of at least 2% of normal pay. This additional 2% contribution is on top of your normal 6% contributions. Proof of title over the land and, where the land is customary, proof of right to build on the land must be provided.