The National Superannuation Fund, Nasfund, today welcomed 800 new contributing
members on Lihir Island.
These 800 members, are employees of 200 landowner companies who provide services
to Newcrest Mining Limited (NML), through Lihir Business Services (LBS).
All 200 landowner companies this week received their Employer Registration Certificates,
confirming their membership to Papua New Guinea’s leading superannuation provider.
CEO Ian Tarutia welcomed the newly registered employers and praised the management
of each entity for the responsible decision to provide a secure financial future for their
employees through superannuation savings with Nasfund.
“The process in registering our new members is one that was made possible through
cooperation from NML, LBS, and our Nasfund Lihir service centre.
The bulk registration of our new members on Lihir island is one of the largest we have
had, and is a testament to the great working relationship we have with the local business
This also demonstrates the importance that businesses, whether large or small, place on
retirement savings for their employees.
As members of Nasfund, these members now benefit from our cadre of services, which
includes our online platforms, TextBal service, and our popular Membership Discount
We are committed to providing value for these members while they work today, so that
they are ready for retirement, when the time comes.”
In receiving the Employer Registration Certificates, Lihir Business Services Acting
General Manager Assumpta Wauwau, thanked the Fund for its efforts in ensuring all
requirements were met, for the contractors to join Nasfund.
“This is a milestone for LBS in achieving the superfund compliance requirement for its
200 plus contractors under the LBS/Newcrest vendor agreement.
Having the Nasfund General Manager Member & Employer Services Anne Wilson, on the
island to handover the certificate signifies the importance of this achievement given the
volume of employer and member registrations at any one time.
LBS commends the company owners and directors of the Lihirian owned businesses for
their cooperation in registering with Nasfund, to save guard the retirement savings for