Mine Super
Since 1941, we've been committed to the retirement outcomes of our members and being a trusted super partner in the communities we serve. We know you're working hard to secure Australia's future, so we'll help secure yours.
As a profit-to-member super fund, we prioritise the interests of members, not shareholders - meaning we can give more back to members through lower fees and personalised, local service.
We have a wide range of products and services to support our members throughout their life, helping them achieve the retirement outcomes they deserve. Our default (MySuper) investment option is the Lifecycle Investment Strategy. This strategy invests members money in a mix of growth and defensive assets based on three key life stages, helping grow their balance in the earlier stages of their working life while protecting their nest egg as they near retirement.
In early 2025, Mine Super will become Team Super, the Fund for transport, energy and mining workers.
Product Size:
$8.74 Billion
Fund Size:
$12.53 Billion
Key Features
- The default (MySuper) option invests in a mix of growth and defensive assets based on the person's age
- Members also have a wide range of investment choices, with both pre-mixed and single sector options
- Low fixed administration fee of $0.75 per week
- Profit to member fund; our fees and costs are designed to be as low as possible
- Insurance cover designed to suit members in high-risk occupations
- Insurance cover options include Income Protection, TPD, Death and Terminal Illness
- Complimentary financial advice appointment available to all members
- Financial Advice offered across Australia, both in-person and over the phone
- Highly rated Pension product which offers flexible access to retirement savings
- Members can also access a pre-retirement pension account to create an income stream whilst still working
Investment Option Performance
| Investment Performance | Growth Asset Weighting | 1 year (p.a.) | 3 years (p.a.) | 5 years (p.a.) | 10 years (p.a.) |
| High Growth (default up to age 50) | 97% | 19.00% | 7.05% | 8.80% | 8.52% |
| Growth (default for ages 50 to 54) | 83% | 16.55% | 6.25% | 7.73% | 7.46% |
| Balanced (default for ages 55 and above) | 74% | 14.34% | N/A | N/A | N/A |
| Moderate | 58% | N/A | N/A | N/A | N/A |
| Indexed Defensive | 40% | 12.11% | N/A | N/A | N/A |
| Secure | 10% | 5.99% | 2.91% | 3.10% | 3.74% |
| Australian Shares | 100% | 19.96% | 8.60% | 8.55% | 9.02% |
| International Shares | 100% | 23.41% | 11.09% | 12.31% | 11.20% |
| Property | 100% | 29.10% | 3.15% | 3.18% | 6.33% |
| Bonds | 0% | 6.34% | -1.27% | -0.48% | 1.80% |
| Cash | 0% | 4.04% | 2.61% | 1.68% | 1.71% |
All data supplied to 30 September 2024
Insurance Options
- Insurance - Death Only
- Insurance - Death and TPD
- Insurance - Income Protection
Financial Planning Available
- Financial Advice - Limited
- Financial Advice - Full Financial Planning
Extra Benefits Available
- Member Services
- Call Centre
- Website
- Mobile Website or App
- Social Media Presence
- Newsletters for Members
- Newsletters for Employers
- Education Seminars
- Online Account Access
- Online Membership Application
- Investment Flexibility
- Investment Choice
- Multi-Manager Investment Choice(s)
- Age-Based Investment Choice
- Choice of Asset Allocation
- Term Deposit Investment Choice
- Online Investment Switching
- Monthly or Quarterly Investment Reports
- Insurance Options
- Insurance - Death Only
- Insurance - Death and TPD
- Insurance - Income Protection
- Financial Advice
- Financial Advice - Limited
- Financial Advice - Full Financial Planning
- Account Flexibility
- Can Handle Defined Benefit Arrangements
- Spouse Accounts
- Retirement Products
- Transition to Retirement Facility
- EFT / BPAY Contributions
- Contribution Splitting
- Binding Death Benefit Nominations
- Anti-Detriment Payments
Employer Services
Fees & Charges
| Fees | |
| Entry/Joining fee | Nil |
| Contribution fee | Nil |
| Administration fee | $0.75 per week plus 0.16% p.a. plus 0.031% p.a. |
| Buy-sell spread | Nil |
| Switching fee | Nil |
| Advice fee | Varies subject to advice needs |
| Exit fee | Nil |
Service Providers
| Service Providers | |
| Administrator | SS&C Administration Services (Australia) Pty Ltd |
| Asset Consultant | Mercer Investments (Australia) Limited |
| Custodians | JPMorgan Chase Bank |
| Insurer | TAL Life Limited |
| Lawyers | Mercer Legal Pty Ltd; Mills Oakley |
Contact Details
Member Telephone
13 64 63
Address
Locked Bag 2020, Newcastle NSW 2300 Australia
Member Email
[email protected]Website
https://www.mine.com.auAwards Achieved
Best-Value Super Fund for Young People
Highest Super Performer
Best International Shares Super Product
Best MySuper Lifecycle Product
Best Super Fund
2024
Best-Value Super Fund For Young People
Issued by AUSCOAL Superannuation Pty Ltd ABN 70 003 566 989 AFS licence 246864 Trustee for the Mine Superannuation Fund ABN 16 457 520 308. Before acting, consider if the information and product is suitable for your needs and circumstances and read the relevant Product Disclosure Statement at mine.com.au. The Target Market Determinations for our financial products can be found at mine.com.au/tmd. Financial planning services are provided by Mine Super Financial Advice a trading name of Mine Super Services Pty Ltd ABN 49 051 315 014 AFS licence 502700.
