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Mine Super
Mine Super was born from the 1941 Coal and Oil Shale Mineworkers (Pensions) Act, a legislative effort to provide retirement security for Australian miners.
Mine Super
Mine Super was born from the 1941 Coal and Oil Shale Mineworkers (Pensions) Act, a legislative effort to provide retirement security for Australian miners. The fund has deep roots in the mining, energy, and transport sectors, and its trustee company remains partially owned by the Mining and Energy Union (25%), the NSW Minerals Council (12.5%), and the Queensland Resources Council (12.5%). In March 2025, Mine Super merged with TWUSUPER to form Team Super, a profit-to-member fund that retains its original member-serving ethos under CEO Vasyl Nair and CIO Seamus Collins. The fund deploys capital across a mix of listed equities, fixed income, unlisted property, unlisted infrastructure, and private credit. Its unlisted property portfolio includes a mixed-use portfolio spread across Australia. Its infrastructure holdings feature a stake in Melbourne Airport (Tullamarine). The fund also participates in private credit and short-term private equity globally. Asset-class allocations aim to deliver consistent, long-term returns for members; the High Growth option claims double-digit returns over the five years through mid-2025 (per the firm, 2025). Geographic exposure concentrates on Australia but extends to global markets through private credit. Team Super operates offices across New South Wales, Queensland, and Western Australia, with a headquarters in Newcastle. In March 2025, the merger with TWUSUPER closed, creating a combined entity under the Team Super banner (per the firm, 2025). The fund is a member of the Association of Superannuation Funds of Australia and the Australian Institute of Superannuation Trustees. It does not publicly disclose total assets under management or aggregate deployment figures. Structurally, Mine Super operates under a trustee-company model with ownership split across union and industry bodies — an arrangement that ties governance directly to the communities it serves rather than to external shareholders. This mutual architecture is common among Australian industry funds, but the specific miner-and-transport lineage creates a narrow, sticky member base that most generalist super funds lack.
General information
Firm type
Pension Fund
Year founded
1941
AUM
Undisclosed
Location
Region
Oceania
Country
Australia
City
Newcastle
Corporate office
Locked Bag 2020, Newcastle NSW 2300, Australia
Additional offices
Warners Bay, NSW, Australia · Kembla Grange, NSW, Australia · Minchinbury, NSW, Australia · Mackay, QLD, Australia · Rockhampton, QLD, Australia
Principals
Vasyl Nair
CEO
Seamus Collins
Chief Investment Officer
Sector focus
Frequently asked questions
Who runs investment decisions at Mine Super?
Seamus Collins is the Chief Investment Officer. He oversees the fund’s asset allocation across listed equities, fixed income, unlisted property, infrastructure, and private credit. CEO Vasyl Nair leads the combined Team Super entity after the March 2025 merger with TWUSUPER.
How is Mine Super structured — is it a single-family office or an industry fund?
Mine Super is a profit-to-member industry superannuation fund, not a family office. Its trustee company is owned by the Mining and Energy Union (25%), the NSW Minerals Council (12.5%), and the Queensland Resources Council (12.5%). The fund merged with TWUSUPER in March 2025 to form Team Super.
Does Mine Super invest directly or through external managers?
Mine Super uses a hybrid approach. It holds direct stakes in unlisted assets such as Melbourne Airport and mixed-use property portfolios, while also participating in private credit and private equity vehicles globally. The exact split between internal and externally managed mandates is not publicly itemized.
What does the TWUSUPER merger mean for the portfolio?
The March 2025 merger created Team Super, a combined profit-to-member fund. The deal pools member bases and investment portfolios, potentially broadening the asset pool and geographic reach. Specific changes to asset allocation or manager lineups have not been publicly detailed.
Which sectors and asset classes does Mine Super target?
The fund invests across Australian and global equities, fixed income, unlisted property (mixed-use), unlisted infrastructure (including airports), private credit, and short-term private equity. Its heritage ties it closely to mining, energy, and transport, but the investment strategy spans generalist super fund categories.
Does Mine Super disclose its assets under management?
No. Mine Super does not publicly report its total assets under management. The fund’s website and public filings do not include a current AUM figure.
Where does Mine Super’s underlying capital come from?
Capital comes from mandatory and voluntary superannuation contributions made by Australian workers, primarily in the mining, energy, and transport sectors. The fund was established in 1941 under the Coal and Oil Shale Mineworkers (Pensions) Act to serve those industries and their families.
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