Your Funds are secured, but there are factors that contribute to contributions that are not updated on time.

Factors may include the following;

  • Your employer has not remitted your contributions on time.
  • Your employer may have remitted your contributions but they may not have advised the account officers of the FUND on deposits and the contributions may be sitting under the un-allocated trust fund.
  • To correctly identify contributions and allocate accordingly, the FUND must then confirm with employers when the bank provides statements to correctly allocate the contributions which may lead to prolonging updates.
  • Your employer may have remitted your contributions on time but the officers concerned have not updated your contributions because of un-clean schedules.
  • A schedule is a form that includes every contributing member’s account details. If a schedule is incomplete the system automatically rejects the whole file and gets the account portfolio officers to send back to employers to provide ‘clean’ schedules. If this schedule is not returned immediately can cause the delay of updating contributions on time.

Steamships Trading Company Limited

Steamships Group is a diversified conglomerate in PNG. Steamships has three major operating categories which includes Logistics, Property & Hotels, and Commercial as well as various joint venture operations. 

https://www.steamships.com.pg/

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Santos Limited

Santos is a global energy company with operations across Australia, PNG, Timor-Leste and the United States. Nasfund became a shareholder of this great company as a result of the Santos acquisition of Oil Search Ltd.

https://www.santos.com/

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PNG Air Limited

PNG Air was initially established about 25 years ago and has been providing regular passenger travel, freight and charter services in the aviation sector of PNG.  

https://pngair.com.pg/

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Kina Securities Limited

Kina Securities Limited (Kina Bank) was established in 1985 as a diversified financial service company. It offers customers end-to-end financial solutions from savings accounts to business loans, investments to mortgages, financial advice and investment management. Kina Securities Limited is a public company dual listed on the ASX and PNGX.

https://investors.kinabank.com.pg/Investors/

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Credit Corporation Limited

Credit Corporation commenced business in 1978 as a general finance company and over the years has grown to become one of the South Pacific’s most progressive financial institution. The Group has recently transitioned into becoming a fully-fledged commercial bank. 

https://www.creditcorporation.com.pg/

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City Pharmacy Group Limited

The City Pharmacy Group was established in 1987 and is one of the market leader in retail/wholesale businesses in PNG. The Group operates a chain of shops under various brands such as City Pharmacy, Stop N Shop, Hardware Haus, Boncafé, Homemaker, Jacks of PNG, Prouds and CPL Wellness Clinics.

https://cpl.com.pg/

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BSP Financial Group Limited

BSP is an iconic and unique bank and financial services provider in PNG and the Pacific, recognised for its strong commitment to the region and its Melanesian uniqueness. 

https://www.bsp.com.pg/

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South Pacific Brewery Limited

SP Brewery is the leading brewery in PNG with premium brands such as SP Lager, SP Export Lager, Heineken, Niugini Ice, SP Lager, Strongbow, Kundu Lager and Chiller. The company employs about 450 employees throughout PNG. Nasfund is a minority shareholder.

https://www.sp.com.pg/

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Get in touch

Do you have a question for us?

Please contact us on:
Call: 1588
Email: help@nasfund.com.pg

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