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Employee Contribution Rate

Employees contribute 6% of their gross salaries and the employer contributes 8.4%, which is based on the employee gross salary and is paid by the employer from its own funds.

Members may if they wish, make additional voluntary contributions from 6% up to a maximum of 15% of their fortnightly gross salary to the Fund to maximize their superannuation savings with the Fund. The employer may also increase its portion from 8.4% to a maximum of 15% if it wishes to do so on behalf of its employees.

The new Superannuation (General Provisions) Act 2002 provides for both employee and employer contributions to be remitted to an Authorized Superannuation (ASF) on regular basis. Employer must remit their employer contributions within 14 days of the end of each month and employee contributions are required within 14 days of date of deduction.

Now employers have a choice of which Superannuation Fund they want to join and remit their contributions to.

Response to illegal settlers on NSL 9-mile land Portions

Response to illegal settlers on NSL 9-mile land Portions

Nambawan Super Limited (NSL) wishes to advise that all squatters on the NSL 9-mile land Portions 2157, 2156 and 2159, including NSL members, are required to relocate to enable orderly redevelopment. NSL has previously informed its members on the NSL owned 9-mile land...

Nambawan Super to commence fencing of 9-mile land Portions

Nambawan Super to commence fencing of 9-mile land Portions

Nambawan Super Limited (NSL) announced today that it will commence fencing of its 9-mile land Portions, sometimes referred to as Bushwara. The announcement came following the approval of Construction Permits from the National Capital District Commission Building...