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TWUSUPER is a not-for-profit Industry Super Fund for the transport and logistics industry.

Our Board ensures TWUSUPER looks after the best interests of all members, and we have a skilled and experienced management team looking after the day-to-day operations of the Fund.

  • The executive team



    Chief Executive Officer

    Frank Sandy

    Chief Financial Officer

    John Arnott

    Chief Investment Officer

    Edward Smith

    Chief Governance Officer

    Tom Jarosz

    Chief Operating Officer

    Matt Licheri

    Manager, Trustee Services

    Lou Coia

    Chief Human Resources Officer

    Sue Lowe

    Chief Information Security Officer

    Chris Claessen

    The Trustee has a documented process for evaluating the performance of the executive team. These evaluations are carried out annually by the Chief Executive Officer or, in the case of the Chief Executive Officer, the Board.

  • Trustee Directors

    The TWUSUPER Board is a representative board that includes both employer and employee representatives.

    This board structure is recognised by peak super bodies such as the Australian Institute of Super Trustees (AIST) and the Industry Funds’ Forum as providing the best governance model for Australian Industry SuperFunds.

    • an Independent Chairman
    • four employee representatives, nominated by the Transport Workers’ Union of Australia (TWU)
    • four employer representatives, nominated by the Australian Road Transport Industrial Organisation (ARTIO)
    • up to six alternate directors, nominated by their respective representatives.

    Independent Chairman

    Nick Sherry

    Employee Directors

    Employer Directors

    Richard Olsen

    Peter Anderson

    Michael Kaine

    Michelle Harwood

    Timothy Dawson

    Gary Mahon

    Nick McIntosh (Alternate)

    Laurie D’Apice


    Campbell Dumesny (Alternate)

    Board attendance records for the last 7 years and details of former Directors are included in the Board attendance records section below.

    Performance evaluation

    The Board has procedures for annually assessing the Board’s performance relative to its objectives and the performance of its Directors. Annual assessment of performance includes:

    • review of performance against the Trustee’s strategic objectives
    • assessment of the Board and Directors in line with the Fit and Proper Policy and the Appointment and Renewal Policy
    • adherence to the Trustee’s governance framework.

    Summary of procedures

    The Board may conduct the annual performance review with the assistance of an external consultant. Its overall aim is to identify any issues relating to the Board’s operation that might prevent or hinder it from carrying out its functions. It involves Director surveys and/or interviews and a review of records relating to Directors’ adherence to Fund policies. The results of these are analysed to assess perceived strengths and development areas for the Board as a whole. A report of the assessment is considered by the Board and action plans are developed and implemented, as necessary, and monitored by the Board at each meeting.

    Assessment of the competency of the Board and its individual Directors is conducted annually by the Trustee Secretariat under the Fit and Proper Policy. The fitness of a Director to continue in office is also reviewed at the end of each term, having regard to time already served on the Board, fitness and propriety and other factors.

    Where a Director is found not to be fit and proper or other grounds for removal apply under the company constitution, the Trustee will take all reasonable steps to ensure that the person does not continue as a Director. In the case of a Director failing only to meet training requirements, the Board through its Audit, Risk and Compliance Committee will first attempt to assist the Director to meet those requirements.

    Related documents


    • Audit, Risk and Compliance
    • Communications and Marketing
    • Complaints and Appeals
    • Investment
    • Operations and Remuneration
  • Board attendance records

    The table below shows the board meetings attended by TWUSUPER Directors in the last 7 years.  

    Financial year 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23
    No. of board meetings 6 6 6 7 7 7  6
    Director Attendance              
    Current Directors              
    Peter Anderson 6 6 6 6 7 7  6
    Laurie D'Apice11 N/A N/A N/A N/A 1 5  5
    Tim Dawson21 5 5 6 7 7 6  6
    Michelle Harwood12 N/A 4 6 7 7 7  6
    Michael Kaine16  4 3 5 4 4 6  5
    Gary Mahon13 4 4 4 6 5 6  4
    Richard Olsen14 4 5 4 6 6 7  6
    Nicholas Sherry15 N/A N/A N/A N/A N/A 1  6
    Campbell Dumesny (Alternate)17 N/A N/A N/A N/A 3 7  6
    Nick McIntosh (Alternate)18 N/A N/A N/A 6 6 5  5
    Michael McNess19 N/A N/A N/A N/A N/A 1  5
    Ian Smith (Alternate)20 2 6 4 4 5 6  4
    Former Directors              
    David Galbally AM QC10 5 4 5 6 6 4 N/A
    John Berger1 6 5 6 7 6 7 2
    Paul Ryan (Alternate)2 5 3 5 6 7 6 3
    Peter Biagini3 6 6 5 7 6 N/A N/A
    Peter Garske4 3 N/A N/A N/A N/A N/A N/A 
    Hugh McMaster5 5 5 6 7 2 N/A N/A
    Tony Sheldon6 4 5 3 N/A N/A    N/A N/A 
    Dennis Sutton7 5 5 N/A N/A    N/A    N/A N/A
    Ray Wyatt (Alternate)8 3 N/A N/A    N/A    N/A    N/A    N/A
    Robin Phillips (Alternate)9 6 1 N/A N/A N/A N/A N/A


    1 Resigned as Director on 30/09/2022.
    2 Resigned as Alternate Director on 02/12/2022.
    3 Resigned as Director on 24/05/2021.
    4 Resigned as Director on 30/11/2016.
    5 Resigned as Director 31/03/2021.
    6 Resigned as Director 11/04/2019. 
    7 Commenced as Director on 22/09/2016. Resigned as Director on 23/07/2018.
    8 Alternate Director from 08/04/2011 to 14/02/2017.
    9 Resigned as Director on 10/08/2017.
    10 Ceased as Independent Director and Chairman of the Board on 01/05/2022.
    11 Commenced as Director 03/06/2021.
    12 Alternate Director from 07/12/2017 to 02/08/2018. Director since 02/08/2018.
    13 Attended 22/09/2016 Board meeting as an observer. Director since 01/12/2016.
    14 Commenced as Director on 22/09/2016.
    15 Commenced as Independent Director and Chairman of the Board on 01/05/2022.
    16 Alternate Director from 19/04/2007 to 06/06/2019. Director since 06/06/2019.
    17 Commenced as Alternate Director on 03/12/2020. 
    18 Commenced as Alternate Director on 06/06/2019.
    19 Commenced as Director on 31/10/2022.
    20 Commenced as Alternate Director from 06/04/2017.
    21 Commenced as Alternate Director on 26/06/2014 to 03/06/2021. Director since 03/06/2021.

  • Trustee service providers

    The Trustee engages the following third-party providers in the management of TWUSUPER.

    Material providers





    Mercer Outsourcing (Australia) Pty Ltd

     32 005 315 917

    Custodian and investment
    administrator services

    BNP Paribas Securities Services

     87 149 440 291

    Internal auditor

    PricewaterhouseCoopers  52 780 433 757

    Key providers



    External auditor and tax adviser

    Ernst & Young


    Mercer (Australia) Pty Ltd

    Financial advice provider

    Industry Fund Services Ltd

    Investment adviser

    JANA Investment Advisers

    Investment managers

    See investment managers below

    IT managed services

    Armada Solutions

    Legal adviser

    Sparke Helmore Lawyers

    Group life and income protection insurer

    TAL Life Limited (was CommInsure until 27 May 2017)

    Trustee liability insurer

    IFS Insurance Solutions Pty Ltd

  • Investment managers

    TWUSUPER engages investment managers to invest members’ money across the different asset classes.

    We closely monitor the investment performance of each investment manager and from time to time new investment managers are appointed and others terminated.

    TWUSUPER uses JANA Investment Advisers to help set the investment strategy, select investment managers and monitor performance.

    See investment managers