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Nambawan Super (“the Fund”) is a defined contribution fund (accumulation fund) approved under the Superannuation General Provisions Act 2000. The Fund is governed by the Board of Directors of Nambawan Super Limited, the Fund’s Corporate Trustee (“the Trustee”).

The Fund exists to invest amounts contributed by or on behalf of Members for their retirement. It has no purpose other than to serve the interests of its membership.

The Trustee’s primary responsibility to the Fund Members is to ensure that the Fund is run according to the principles of good corporate governance.

To achieve this objective, the Board implements five key governance principles across the entire operation of the Trustee and the Fund:

  • Principle 1: Compliance with the law
  • Principle 2: Effective leadership
  • Principle 3: Integrity
  • Principle 4: Accountability
  • Principle 5: Risk management
No deal with NCDC for 9-mile squatters

No deal with NCDC for 9-mile squatters

Today Nambawan Super Limited (NSL) announced no agreement has been reached with the National Capital District Commission (NCDC) regarding land that would resolve the issue of squatters living on NSL’s 9-mile landholdings.  It is a disappointing outcome for all parties...

State rent arrears to tip over K170 million

State rent arrears to tip over K170 million

Following the PNG Business Council statement regarding the business impact of unpaid bills by the State, today Nambawan Super Limited (NSL) revealed they are owed more than K156million in Government rent, with the bill expected to top K170million by the end of the...