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Company Announcements, Superannuation
Formal Announcement of Appointment of Dr Albert Mellam as Director
Superannuation is a long-term savings plan designed to provide income during retirement. It offers financial benefits through regular contributions and long-term investment growth.
To grow your Nasfund superannuation, actively contribute regularly, whether through employer contributions or voluntary top-ups, to boost your retirement savings.
To minimize tax on your Nasfund superannuation payout, keep your savings invested for at least 15 years. This reduces your exit tax to 0%, compared to higher rates for earlier withdrawals, while also maximizing your savings through compound growth.
National Superannuation Fund Ltd or Nasfund is an accumulation fund and was the first Approved Superannuation Fund to be licensed by the Central Bank under the Superannuation (General Provisions) Act 2000 in 2002.
Eda Supa is for anyone who is earning some form of income and wants to save in a superannuation environment, farmers, sole traders and small business owners.
Nasfund's investee companies are carefully selected to align with the fund's strategy of delivering consistent returns, ensuring sustainable growth, and maximizing value for its members.
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The interim rate is the crediting rate the fund uses for withdrawals
A benefit that is offered to members while they still contribute to the Fund
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Dr Albert Mellam was appointed as an Independent Director to the Board of the National Superannuation Fund effective 1 January 2026, following the completion of a rigorous recruitment exercise and regulatory approval process.
Dr Mellam brings extensive experience in corporate governance, strategic leadership and public policy. He was the immediate past Chair of Credit Corporation and currently serves as Chair of Kina Asset Management Limited and the Incentive Fund, an Australian Government–funded initiative. He is also a part-time faculty member in the Masters and PhD programs at the University of Papua New Guinea’s School of Business and Public Policy.
He has held senior academic and executive leadership roles at the University of Papua New Guinea, including Vice-Chancellor and Founding Executive Dean of the School of Business and Public Policy. Dr Mellam holds a Doctor of Philosophy in Psychology from the Australian National University and a Master of Science from the University of Stirling, Scotland.
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