Mine Super and TWUSUPER continue to make significant progress towards their merger which will see the two funds unite as Team Super in early 2025.
As the planning process continues, here’s more information about the implementation of the merger with TWUSUPER.
A combined fund will be larger; and increased scale means we can further enhance our products and services, deliver greater investment opportunities and likely, lower fees.
Mine Super is the successor fund which means TWUSUPER members will join the Mine Superannuation Fund.
Members can’t vote on the merger, with the decision to merge made by the trustee of the Mine Superannuation Fund. Whilst all Board directors are required to represent the best financial interests of all members, there are four union nominated directors from the Mining and Energy Union (MEU), along with four employer nominated directors from NSW Minerals Council and Queensland Resources Council. There is also one independent director nominated by the Trustee.
TWUSUPER has similar values to Mine Super with a shared commitment to support positive retirement outcomes for workers. TWUSUPER was established in 1984 and is one of the newer industry funds of the modern superannuation system.
As we work through the merger process, there is nothing for Mine Super members to action; so there’s no need for things like ‘re-joining’ the fund. Down the track, if members are required to do anything regarding their account with Mine Super, they’ll be given notice.
Mine Super will continue to service and support members from a number of regional office locations where our members reside, in addition to the Newcastle-based Contact Centre, delivering regular pit-top talks and being present at industry and community events.
We’ll continue to communicate key milestones to our members via email and on our website. As a member, it’s important your email address is up to date and you can check this by logging into your online account. Haven’t registered for online account access? It’s easy to do – just follow these steps.