Banking Information Seminars in Nauru
The Honourable David Adeang MP,
Minister for Finance and Sustainable Development and the Honourable
Shadlog Bernicke MP, Minister for the Nauru Phosphate Royalties
Trust (NPRT), are pleased to announce that following the recent
passing of the Ronwan Distribution Act 2013 and the proposed
distribution of funds to Beneficiaries, that a series of Banking
Information Seminars are planned for Nauru.
The Information Seminars will
commence on Saturday 25th January at the Civic Centre and run
through until Friday 31st January. An attendance schedule that
allocates preferred attendance times has been developed in order to
accommodate the large number of Beneficiaries who are expected to
be present at the Seminars. Lists indicating times and names
is expected to be posted in the Civic Centre on or before Wednesday
The arrangements to conduct this
series of Banking Information Seminars have been made jointly by
the Steering Committee working with Bendigo and Adelaide Bank to
establish a branch of the Bank in Nauru, the Banking Project team
as well as the Trustees of NPRT.
Beneficiaries have been asked to
complete a special disbursement authority form to direct payment of
their entitlement as all distributions will be paid by cheque or by
lodgement to a bank account in the name of the Beneficiary.
The various options for payment
will be explained to Beneficiaries at the Seminars and they will
have the opportunity to open accounts with Bendigo and Adelaide
Bank Limited if they so wish. Representatives of the Bank will be
at the seminars to assist Beneficiaries to open accounts and to
satisfy any questions that might be asked in relation to other
Those beneficiaries that have
existing banking arrangements will be able to direct payment to
their existing accounts. Nominated accounts must be in the
same name as the Beneficiary; nominations to third party accounts
will not be accepted by the Trustees.
The Ronwan Disbursement Authority
Form (RDAF) has been made available for collection from the NRO as
well as the Office of the Trust (NPRT) in the Civic Centre.
Outside of Nauru the form can be collected from the Melbourne
Office of the Trust or from any Nauruan Consular office.
The completed form must be returned
to the NPRT office Nauru by Wednesday 22 January. The Trustees take
no responsibility for any delay in payment due to the incorrect
completion of the disbursement authority form.
Beneficiaries are also advised that
representatives of the Steering Committee for the proposed
establishment of the Community Bank branch of Bendigo and Adelaide
bank will be at the seminars to explain the structure of a
Community Bank and to answer any questions that Beneficiaries might
A special seminar will also be
arranged for people who are not Beneficiaries of the Trust but who
might wish to open accounts with the Bank. Details of this Seminar
will be advised at a later date.
Any queries relating to the RDAF
form or Ronwan payments can be addressed to the NPRT Nauru
Any queries relating to the
seminars or Bendigo and Adelaide bank can be addressed to the
Finance Department, Government Offices at Yaren District.