Disclaimer

The results obtained from these calculators are for general purposes only to illustrate the effect of compound interest and are not intended as a substitute for professional financial advice. Before making any financial decisions on the basis of these results, you will need to consult with an independent financial planner or accountant as well as consider whether the advice is suitable to meet your personal financial objectives and circumstances.

The actual performance of any investments will depend on future economic conditions, investment management, fees and taxation. Past performance is no guarantee of future performance and as a result of this, all the results are hypothetical and are NOT GUARANTEED.

Nambawan Super specifically disclaims any liability for any direct, indirect, incidental, consequential or special damages arising out of or in any way connected with the access to or use of these calculators. To the extent permitted by law, under no circumstances will Nambawan Super be liable for any loss or damage caused by a user's reliance on the information by using these calculators.

Assumptions

Projected super balance at retirement:

The projected total super balance takes into account your starting balance, employee and employer contributions, any additional voluntary contributions as well as interest earned between now and your retirement.

Retirement age:

We have assumed a default retirement age of 65. This can be adjusted in the calculator.

Working life:

The calculator assumes that you will have a continuous working life with no breaks up to your retirement age.

Interest rate:

The default investment returns have been set at 6.0%. This is based on the Nambawan Super 10-year average interest rate.

Employee contributions:

PNG Superannuation laws dictate that 6% is the mandatory minimum contribution for employees to make. Employees may choose to contribute more than the minimum.

Employer contributions:

PNG Superannuation laws dictate that 8.4% is the mandatory minimum contribution that employers have to make. Employers may choose to contribute more than the minimum.

In 1990, Nambawan Super Limited (NSL) purchased large parcels of land in Port Moresby with the intention to develop new, master-planned suburbs,  catering to the needs of the growing Port Moresby population and specifically the needs and interests of our Members.

These lands are described as Portions; 2156, 2157, 2158 and 2159, also commonly known  as “Bush Wara” at 9-mile, Port Moresby. This land is owned in trust by NSL, for over 228,000 hardworking Papua New Guineans who are our Members.

NSL has had to defend its title to these lands in Court for a number of years, due to litigation instituted by the various parties claiming ownership of the land. Whilst NSL was defending its titles in Court, these portions of land were left unsupervised, leading to substantial settlement by illegal squatters.

The 9 Mile Bush Wara portions 2156, 2157 and 2159 combined, represent over 200 hectares of land with illegal settlements, and an estimated population of 5,000 illegal squatters. NSL is also taking steps to lawfully secure the vacant possession of its fourth adjacent land portion 2158.

Since securing its rightful titles in 2019, NSL has exhausted all possible options to reach a win-win outcome for itself and the illegal squatters, that would allow it to secure vacant possession. Substantial time and resources have been expended to date to secure vacant possession of these assets. In the last three years, NSL has gone so far as to establish a project office on site to address any queries, a police outpost, and monthly community awareness meetings to continue to remind illegal squatters to relocate voluntarily.

NSL 9 mile communications

From 2019, when Nambawan Super regained ownership of its land at 9 mile, the Fund published several communications to inform squatters, Members, and the general public of the Fund's activities on the land. All produced communications can be found below.

On May 10 2024, the Office of the Sheriff published a Public Notice in newspapers and distributed printed copies as a reminder to the illegal squatters on Portions 2156, 2157 and 2159 at Nine (9) mile, advising the squatters of 61 days remaining from the 120 day grace-period to vacate the land portions belonging to NSL. 

The 120 day grace-period notice was issued by the National Court on 12 March 2024.

View Public Notice
In April 2024, Nambawan Super published a public notice advising that the National Court at Waigani reinstated Nambawan Super Limited’s (NSL) vacant possession of the following land portions; 2156, 2157 and 2159 at Nine (9) Mile, also known as “Bush Wara,” outside of Port Moresby in NCD. The public notice further advises the public on the 120-day grace period starting on Tuesday, 12 March 2024, for the illegal squatters to voluntarily vacate the land. View Public Notice
In October 2021, Nambawan Super published a public notice advising that no agreement has been reached with the National Capital District Commission for the relocation of squatters. View Public Notice
In September 2021 Nambawan Super published an update on the activities at Bush Wara, 9-mile. View Public Notice
In May 2021, Nambawan Super published a public notice about the appointment of a project site manager for the 9-mile land. View Public Notice
In December 2020, Nambawan Super published a full page Public Notice advising that the National Court had ruled in its favour on primary rights over the 9-mile (Bushwara) land.

View Public Notice

View Court Ruling

In October and November 2019, and in February 2020, Nambawan Super published full page Public Notices regarding the site to alert buyers and sellers of the risk of trading land within the parcels owned by Nambawan Super. View Public Notice
In November 2019 Nambawan Super as per legal requirements, ran notices for one week calling all parties with an interest in the site to come forward and lodge their claims. The notices ran in the Post Courier and the National View Legal Notice

On 8 April 2024, Nambawan Super held a press conference to announce that the 120 day grace period for voluntary eviction from its 9 mile land portions will end on Wednesday 10 July 2024 before implementation of the eviction orders. View Media Release
In April 2022, Nambawan Super issued a media release advising that it has secured the land Title for 9-mile Portion 2158. View Media Release
In January 2022, Nambawan Super issued a media statement responding to illegal settlers on the NSL 9-mile land Portions. View Media Release
In December 2021, Nambawan Super issued a media release advising the public of the commencement of fencing for the 9-mile land Portions. View Media Release
In October 2021, Nambawan Super published a media release advising that no agreement has been reached with the National Capital District Commission for the relocation of squatters. View Media Release
In August 2021, Nambawan Super published a media release about next steps it was taking to secure the land at 9-mile. View Media Release
In June 2021, Nambawan Super published a media release about a Memorandum of Understanding signed with the Department of Lands and Physical Planning to secure Portion 2158, at 9-mile.  View Media Release
In May 2021, Nambawan Super published a media release about the appointment of a project site manager for the 9-mile land. View Media Release
In December 2020, Nambawan Super published a media release advising that the National Court had ruled in its favour on primary rights over the 9-mile (Bushwara) land. View Media Release
In November 2019, Nambawan Super published a media release on 9-mile. The National ran the story on 28 November 2019. View Media Release

1. I am an NSL Member – will I be given special treatment?
  • Unfortunately there will be no exception given to NSL Members.
  • NSL Members that illegally settled on the land are required to relocate, together with all the other illegal squatters.
  • The authorities will not give any exception, even if you show a NSL Member ID card.
  • Please follow the instructions of the authorities, and relocate now.
2. I bought the land from an agent or individual (and have documents to prove it), will I be compensated for the money I spent?
  • Since NSL purchased the land at 9-mile in 1990, it has not sold or authorised any agents or individuals to sell its land on its behalf.
  • Unfortunately, you have paid money to fraudsters, and we strongly encourage you to take the matter up with them or law enforcement.
3. I have been asked to pay a deposit to secure my interest to buy land. Should I do this?
  • NSL is not selling any land nor are we asking for any deposits to secure land.
  • Please be careful and be aware of fraudsters that will try to take advantage of the current situation.
4. Will I be compensated for the developments that I have already done to the land that I currently occupy?
  • NSL is NOT required by law to provide compensation to squatters for any illegal improvements made on its land.
  • No. NSL will not compensate squatters who are illegally occupying NSL’s land.
  • If you have built on NSL’s land, you will be asked to dismantle and relocate your properties at your own expense.
5. Is there a possibility to work out a deal with NSL to purchase the land that I have already settled on?
  • No. NSL intends to take vacant possession of all land that is being illegally occupied.
  • To enable NSL to undertake an orderly services development, the site must be cleared. There are no exceptions being offered.
6. I would like to relocate now, can NSL assist with transport costs?
  • NSL is NOT required by law to provide compensation to squatters for the relocation of properties and belongings.
  • Furthermore, NSL has been directed not to utilise any of our Members' funds toward this exercise, therefore, NSL cannot assist.
  • You will need to relocate at your own expense
7. When do I have to leave?
  • The Court has provided illegal squatters a 120-day grace period. This grace period started on the Tuesday, 12 March 2024. It will end on Wednesday, 10 July 2024.
  • As of Thursday, 11 July 2024, the Sheriff’s office, together with support from the Police will demolish all structures and destroy any property that is left.
  • Do not wait any longer. NSL strongly encourages all squatters to start dismantling and removing your property now and voluntarily relocate.


For further queries or more information, call our toll-free number 180 1599 or email 9mile@nambawansuper.com.pg