Mine Super
Mine Super is an industry super fund for members in the mining industry. It's default investment option is a MySuper lifecycle option that invests in line with your age.
Key takeaways
- Mine Super merged with TWUSUPER on 21 March 2025 forming Team Super.
- Mine Super's own performance, fee and award figures are historical and are no longer updated — check Team Super for current data.
- Members can choose from pre-mixed or sector investment options and tailor default insurance.
Must read
On 21 March 2025, the merger between Mine Super and TWUSUPER was successfully completed to form Team Super.
Mine Super performance and fees
Mine Super closed to new members when it merged into Team Super on 21 March 2025, so the performance and fee figures below are historical. Members who joined were placed in the High Growth option initially if they were under 50, and could switch to another investment option at any time.
Historical award: back in 2023, Mine Super Int'l Shares was highly commended in the Finder Best Single Asset Classes Super Fund awards, taking third spot with an annual fee of $182 on a $50,000 balance and an annual return of 11.18% over 10 years. Neither that award nor those returns reflect the products available today — Mine Super stopped operating as a standalone fund in March 2025.
Key features of Mine super
- Originally designed for those working in mining. Mine Super was an industry fund for those working in the mining sector, and in its later years was open to everyone to join. It closed to new members when it merged into Team Super.
- Tailored insurance options. Mine Super had tailored insurance options for people working in the mining sector.
- MySuper product. The MySuper option invested members in a High Growth fund while they were young, and a conservative fund closer to retirement.
- Pre-mixed investment options. Members could choose between four different pre-mixed investment options that each had a different risk level and asset allocation.
Mine Super pre-mixed investment options
Mine Super members could choose between these four pre-mixed, diversified investment options depending on the level of risk they wanted to take on. Members who didn't make an investment choice were placed in the High Growth option while they were under 50, which was the default MySuper investment product. The target allocations below are Mine Super's final published figures and are no longer maintained.
| Investment option | Risk level | Target asset allocation |
|---|---|---|
| Stable This option has the lowest level of investment risk and invests largely in fixed interest and cash. It's designed for members looking to protect their balance, with some growth over the medium term. | Medium |
|
| Conservative Balanced This option has a more even balance between growth and defensive assets compared to the Stable option. It's designed for members who aren't comfortable taking on too much risk and who wish to avoid market fluctuations in the short term, while still gaining some level of capital growth. | Medium to High |
|
| Growth This option provides more allocation to growth assets than the previous options, and may suit members looking for more exposure to shares. It's designed for members with a longer investment timeframe of at least 10 years. | High |
|
| High Growth This option invests almost entirely in growth assets, with almost 90% of your balance invested in Australian and international shares. It's the most high-risk investment option available, and aims to achieve higher returns over the long term. This is where your super will automatically be invested while you're under 50 (unless you choose otherwise). | High |
|
Sector investment options
Members who wanted more control over their super could put together their own investment mix using one or more of the following individual sector options.
- Australian Shares
- International Shares
- Property
- Bonds
- Cash
- Term Deposit
Mine Super default insurance cover
Eligible members received the following default insurance cover when they joined Mine Super:
- Death: This cover provides a lump sum payment to your nominated beneficiaries in the event of your death.
- Total and Permanent Disablement (TPD): This cover provides a lump sum payment to you in the event that you become permanently disabled.
- Income Protection: This cover is paid out in the even you can't work and lose your income.
Members got a default, basic level of cover for the above insurances, and could apply to increase their level of cover or opt out of insurance altogether. If you were a Mine Super member, check your current cover with Team Super.
How to join Team Super (formerly Mine Super)
Mine Super no longer exists as a standalone fund: it merged with TWUSUPER on 21 March 2025 to form Team Super, and mine.com.au now redirects to teamsuper.com. You can no longer apply to join Mine Super directly — to join, visit teamsuper.com to compare Team Super's current products and complete an application with Team Super instead.
Sources
More resources on Finder
Ask a question
4 Responses
More guides on Finder
-
The Super Helpful Retirement Hub
SPONSORED: With MySuper Lifecycle, Aware Super offers an investment approach that automatically adjusts your investment mix to your age over time.
-
How much super should I have at 50?
How much super should you have by 50 if you want a comfortable retirement, and what do you do if you're behind?
-
Spouse super contributions
Spouse super contributions allow you to grow your partner’s super balance and also save money on tax. Here’s how spouse super contributions work.
-
Australian Retirement Trust vs HESTA
We've compared the fees, investment options and performance for both Australian Retirement Trust and HESTA to help you choose between these two popular super funds.
-
Hostplus vs HESTA
Hostplus and HESTA are two popular industry super funds, but which is right for you? We've compared their fees, investment options and performance side by side to help you choose.
-
AustralianSuper vs Australian Ethical Super
Trying to decide between AustralianSuper and Australian Ethical Super? We've compared their fees, performance and investments to help you choose.
-
AustralianSuper vs QSuper
Trying to decide between AustralianSuper and QSuper? We've compared their fees, investment options, performance and extras side by side to help you choose.
-
AustralianSuper vs Australian Retirement Trust
Trying to decide between AustralianSuper and Sunsuper? We've compared their fees, investment options, performance and extras side by side to help you choose.
-
How to consolidate super
Here’s why it’s so important to consolidate your super, and the steps you need to follow to roll over your super today.
-
Media Super: Investments, performance and fees
Media Super is an industry fund for employees in Australia’s print, media, creative or digital sectors. See investment options, fees and performance here.
I am 65 yr old Australian citizen do not have a super ac. I understand I can open a super ac and deposit 360,000 and invest in Overseas fund. Is Capital gain tax free?
Hello,
There are many restrictions and rules around how much you can contribute to your super and the different tax obligations for the contibutions and investment earnings. This depends on factors such as your age, retirement status, super balance and contribution amount. It’s best to speak to a financial advisor, or your super fund, who can offer you personal tax advice based on your financial situation.
Thanks,
Alison.
2 questions the first how did mine and wellbeing super preform against other super funds 2016/17 ? The second how does family trusts work ?
Hello BWF,
Thank you for your inquiry.
We have a comparison page for superannuation funds in Australia. Please take note that the sites listed may measure the funds in a different manner from each other. Some of them may compute returns prior fees while others would be returns after fees. Also, relative definitions may be used such as top-rated funds (which means in some that they have returns of not less than 10%).
It would still be recommended to talk with your employer to check your super funds’ options or to a qualified financial adviser who will take into consideration your goals and risk appetite.
Hope this helps.
Cheers,
Jonathan