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Mine Super and TWUSUPER complete phase one of merger

21 May 2024

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. Mine Super has recently enhanced its investment and insurance structures to benefit members and simplify the path for merger completion as reported in the media.

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Federal Budget 2024

15 May 2024

There were no additional changes to superannuation in this year’s Federal Budget delivered by the Treasurer, Jim Chalmers on 14 May 2024. The focus was on addressing the cost-of-living crisis and investing to promote economic growth.

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Mine Super and TWUSUPER launch Team Super

The super fund for Transport, Energy and Mining workers

18 December 2023

Mine Super and TWUSUPER are pleased to announce that in 2024 the two funds will merge together under the new name Team Super.

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Mine Super and TWUSUPER achieve merger milestone with Successor Fund Transfer Deed signing

2 October 2023

TWUSUPER and Mine Super, two industry super funds, today announced the signing of the Successor Fund Transfer (SFT) Deed, a major milestone in their merger discussions. The SFT Deed follows the signing of a Heads of Agreement in April and which, on transfer, will create a combined fund managing nearly $20 billion on behalf of 150,000 members.

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A look back over the 2022/23 financial year

3 August 2023

After a year of challenging financial conditions for many of our members, we have some good news for you. The Balanced (My Super) investment option ended the 2022/23 financial year with a final return of 9.14%, outperforming a number of larger industry funds*.

*This figure is net of fees and taxes. Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund.

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TWUSUPER and Mine Super move forward on merger plans

21 April 2023

A better future for everyone in transport and mining

We are pleased to advise that TWUSUPER and Mine Super are moving towards a merger following the execution of a Heads of Agreement to create a combined industry super fund managing nearly $20 billion for over 150,000 members.

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TWUSUPER and Mine Super enter MOU

19 December 2022

TWUSUPER and Mine Super have entered into a preliminary non-binding Memorandum of Understanding (MOU) to explore a merger of the two funds. If undertaken, a merged entity would create a combined fund managing nearly $20 billion for over 150,000 members.

TWUSUPER and Mine Super share the vision of creating a sustainable fund which protects and promotes the interests of workers in the mining and transport industries. In accordance with the MOU, both Mine Super and TWUSUPER are undertaking extensive due diligence to determine the best outcome for all members and mining and transport operators arising from a prospective merger. This process may take several months.

TWUSUPER remains committed to delivering for members. There is no change to any aspect of any member’s funds, investments or insurance as a result of entering into this preliminary non-binding MOU.