PNG's back.

[mikail-eagle]

The 2 super funds are not really private finance companies per say.

1. Nasfund Limited. https://nasfund.com.pg/
This is the biggest Super fund and has 7 shareholders which are;
1. Employers Federation of PNG
2. Manufacturers Council of PNG
3. PNG Chamber of Mines & Petroleum
4. PNG Chamber of Commerce & Industry
5. PNG Banking & Financial Workers Union
6. PNG Trade Union Congress
7. Rural Industries Council


2. Nambawan Super Limited https://www.nambawansuper.com.pg/
This is the second Super fund. Its really just owned by the members as it was established in 1971 to mainly to cater for Public Servants.

Annual reports for both are on their websites. Their range of investments and portfolios are all listed.
Their websites get updated very quickly to inform members of any changes.
Having a stake in an NRL Team would be huge news for either of them but so far there is noting announced by either of them.

 

[Wb1234]

 

[Wb1234]

The 2 super funds are not really private finance companies per say.

1. Nasfund Limited. https://nasfund.com.pg/
This is the biggest Super fund and has 7 shareholders which are;
1. Employers Federation of PNG
2. Manufacturers Council of PNG
3. PNG Chamber of Mines & Petroleum
4. PNG Chamber of Commerce & Industry
5. PNG Banking & Financial Workers Union
6. PNG Trade Union Congress
7. Rural Industries Council


2. Nambawan Super Limited https://www.nambawansuper.com.pg/
This is the second Super fund. Its really just owned by the members as it was established in 1971 to mainly to cater for Public Servants.

Annual reports for both are on their websites. Their range of investments and portfolios are all listed.
Their websites get updated very quickly to inform members of any changes.
Having a stake in an NRL Team would be huge news for either of them but so far there is noting announced by either of them.

If they are connected to the png govt then perhaps they told them to invest ? But you could be right and it’s the journo making a mistake

 

[Murishido]

That’s assuming all things are equal which they’re not. It’s like saying why don’t all players play for Cowboys/Raiders/Knights as Accomodation costs are much cheaper etc which certainly doesn’t happen.
It’s 6% difference which is pretty quickly negated by generally having to pay overs to get players to move to Auckland.
Tax rates average out at about $23k per player but when you’re having to pay a journeyman $100k(often more) extra than they’d get at an Aus club a Marquee $300k+ it’s swallowed up and then some trying to be competitive on the player market.
That way of thinking has proven unsustainable which is why the club are desperate to become more

Well every argument on recruitment needs an assumption of all else being equal otherwise is a 20000 page treatise on the decision making of many.

Just as you've made an abundance of assumptions above.

First let me say clearly development is a better club angle.

Also never said every player at any point so the straw man is petty and unnecessary.

worth pointing out that's also a ridiculous statement given every player can't clearly can't play for a few clubs.

But just as the all else being equal assumption has obvious flaws so does assuming the average is every instance.

On overs the whole point is overs should already be embedded in the post tax number. and also please remember the discussion originated from the png tax benefits.

Not sure how you landed on the 6% but when I did reference people in their prime hopefully you didn't include first contract minimum salary players or low value players who obviously aren't be recruited with money as a differentiator, given their salary. But given you think it's possible for a handful of teams to have every player I'm not confident.

For the guys being "bought" it's a mid teens post tax didifference. That's before capital gains. Also cheaper to live on a 500k plus income than sydney as well.

 

[Perth Red]

Questions and concerns have been raised about how the NRL intends to uphold its commitment to inclusion when homosexuality is illegal in Papua New Guinea, with Ian Roberts weighing in.

Last week, PNG was unveiled as the NRL's newest expansion franchise, with the Port Moresby-based team set to enter the competition in 2028.

The $600 million deal with the Australian government will see more than 50 NRL and NRLW players relocate to the Pacific nation with the promise of tax concessions and safe accommodation.
However, with a growing to-do list to tackle it appears the nation's societal attitudes — which are largely influenced by the teachings of Christianity — toward homosexuality may have been glossed over.
According to section 210 of PNG's Criminal Code, consenting adult men who are found to be guilty of committing same-sex sexual activity face a punishment of up to 14 years imprisonment.
In June last year, PNG prime minister James Marape declared that despite reports, there was no bill before Parliament to legitimise LGBTQI+ rights in the nation.

He also stated that the Papua New Guinean Parliament was not likely to pass any legislation under his leadership.

On the NRL's website, the governing body states: "The NRL supports lesbian, gay, bisexual, transgender and intersex (LGBTI) people and are vocal supporters of eliminating discrimination against LGBTI people both on and off the field".

The game has implemented several rules, policies and codes to assist in delivering a safe, positive and inclusive environment for LGBTI people.

This includes the NRL's codes of conduct which require all players, parents, coaches, referees, volunteers, spectators and officials to maintain high standards of personal conduct and to be respectful at all times to LGBTI people.
The NRL has also implemented education programs at all levels of the game, and within its organisation, focused on positive behaviours and developing and maintaining respectful relationships.

It is not known if the same programs will be provided for the PNG players with the franchise intent on featuring homegrown talent.

Speaking to the Sydney Morning Herald, former NRL player Roberts — who remains the only openly gay Australian rugby league player in the past 30 years — said he was keen to work with the competition newcomers.

"This is where sport can really move an issue forward," he said.

"I knew [homosexuality] was illegal in PNG, and internationally that is not uncommon.

"But I'm really happy PNG are joining the NRL competition, and I am more than happy to speak to their players about inclusion, diversity and belonging. The NRL already runs programs for all the clubs about inclusivity, and it will be no different for PNG.
"Culturally I know it can be difficult [for their players]. But I am always open to having conversations and there's no judgment here. People on my side of the conversation have to understand other people's misunderstandings."

When contacted by the Herald, the NRL said it would not comment on the matter.

PaNG league officials were also contacted for comment but had not responded.

League great weighs in on PNG team amid LGBTI concerns

'I know it can be difficult'

www.nine.com.au

 

[Wb1234]

Ian roberts never had a good thing to say about rugby league since he left manly for super league

He should stick to his “acting” career