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Nambawan Super Member Detail Update Form

Nambawan Super Member Detail Update Form

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nsl board chairman reg monaghi said the fund is seeking regulatory reform to support housing for members outside of superannuation he said housing was a problem for many nsl members we are seeking regulatory reform for housing support as you all know housing is a major issue for our contributors and at the moment the the law only allows them to withdraw 40 percent of the employee portion of the contribution towards purchasing of a house or building a new home and that in itself creates an affordability issue for contributors because forty percent generally is not uh well it doesn't make it sufficient funding for you to be able to get a loan to build a house that's probably four hundred of one five hundred 000 kina it's very expensive to and it's difficult to build a reasonable home with 200 000 right now the chairman said he will raise the issue with the bank of png so if we're going to do something about that for our members then we have to go t

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