Transcription of Housing Advance Guidelines - nasfund
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Housing Advance Guidelines - nasfund
Section 1: Purchase of AdvanceSection 2: EligibilitySection 3: Member ObligationSection 4: Breach of Conditions of AdvanceSection 5: AmendmentsPage 1 of 4 T 3131998 F 3201625 E Advance GuidelinesBackground: The rules made pursuant to the Superannuation (General Provisions) Act 2002 (as amended)( Super Act ), are as follows1. First Advance Withdrawal: Must be a member of an Authorised Superannuation Fund (ASF) for five (5) years or more (the 5 years includes membership of previous ASFs). Withdrawal not to exceed 100% of the Member s own contribution (excludes employer portion + interest) and cannot be paid directly to the breach of the Super Act or failure to use the Housing Advance will render the application void and the Fund will seek to recover the Advance in will be informed of any amendments to these Guidelines through a general circula
Page 3 of 4 T 3131998 F 3201625 E help@nasfund.com.pg Application For Housing Advance Part D: Employer Declaration I, (name of officer) employed in the capacity of advised and verily believe that the particulars relating to the member/employee provided in this application is …
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