FIJI REGIME: PENSION FUND INQUIRY NOT NECESSARY

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Attorney General blames Australia, New Zealand travel bans

MELBOURNE, Australia (Radio Australia, July 28, 2011) – Fiji's interim Attorney-General, Aiyaz Sayed-Khaiyum, says controversial pension reforms are necessary to put Fiji's National Provident Fund on a sound economic footing.

The Attorney-General says the Bainimara government is supporting pension reforms because it is concerned about the long-term sustainability of the Provident Fund.

The reforms will see pensions cut by up to 64 per cent.

Mr Sayed-Khaiyum says the interim government is acting to improve transparency and governance of the troubled fund.

But he said it is being hampered by Australian and New Zealand travel bans on appointees of the regime.

He said qualified people have refused to serve on the Provident Fund Board because of the bans.

The Attorney-General says an independent inquiry into mismanagement of the fund is not necessary.

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