Images from Lake Murray, Western Province

Above are pictures taken by my nephew Eddie on Lake Murray in the Western Province of PNG. Lake Murray is the largest lake in Papua New. Lake Murray is located in the Middle Fly District of Western Province. According to wikipedia the lake covers approximately 647 km²  and in the wet season increases to five times the size. It has a highly convoluted shoreline more than 2000 km long. The lake has been a source of nourishment for many of the local peoples. Freshwater sawfish have been caught in its shallow waters to feed the crocodilesfreshwater crocodile farming operation. Local tribes of around 5000 people own the lake and the surrounding one million hectares of forest. Also, a cryptid known as "Murray" purportedly lives, or used to live, in the lake. This creature was described as resembling a theropod dinosaur such as Tyrannosaurus.

In 2003, logging company Concord Pacific was forced out of the area by Greenpeace and other NGO's. 100,000 hectares of ancient forest was degraded by the logging along the Kiunga-Aiambak road.

"Continuous Improvement - A must to achieve a world class super for PNG workers,” says Nambawan Super

When the Mekere Government introduced the Superannuation General Provisions Act (the Act) in 2000, the umbrella legislation covering the operations of all super funds in Papua New Guinea, there was certainly no expectation that this law would be set in stone forever. 

Rather, as with all laws, the Government’s expectation would have been that as new industry, economic and market developments emerged over time, the Act would be reviewed and amended. Continuous improvement would be required to enhance the superannuation system and allow it to continue delivering appropriate benefits to members. 

The intention behind the original Act was to entrench prudent and responsible practices within the superannuation industry and other financial institutions, so as to protect the rights and entitlements of PNG workers. To this end a number of major reforms were introduced. 

Nambawan Super takes initiative to amend super act

A Task Force Committee is likely to be established to review the Superannuation General Provisions Act 2000, the umbrella legislation covering the operations of all super funds in Papua New Guinea.

The SGPA legislation was introduced by the Mekere Government over 10 years ago resulting in major reforms in the superannuation industry and other financial institutions.

Nambawan Super is in the forefront of lobbying to enact key changes to the Act to improve operational arrangements aiming to achieve more benefits for members especially in light of the economic boom expected from the PNG LNG projects.