What Mine Super does

Mine Super, now operating under the Team Super brand, is an Australian profit-to-member superannuation fund established in 1941 to serve workers in the transport, energy and mining sectors. Headquartered in Newcastle with 251–500 employees, the fund is structured as Team Super Pty Ltd acting as trustee for the Team Superannuation Fund, with a wholly-owned subsidiary, Team Super Services Pty Ltd (AFS licence 502700), providing financial advice under the Team Super Financial Advice trading name. The fund completed a merger with TWUSUPER, consolidating two specialist industry super funds under the Team Super brand.

The core product set covers superannuation accumulation, retirement and pension products, flexible insurance cover designed for high-risk occupations, and a menu of investment options including a High Growth option that the fund reports has delivered double-digit returns over the past five years. Supporting technology includes a daily unit pricing system for business-day-by-business-day investment tracking, a 24/7 online member portal, and a Health Hub wellness platform covering physical, mental and financial health delivered through a partnership with TAL (TAL Dai-ichi Life Australia).

The business model is profit-to-member fund management: member and employer contributions are pooled and invested across asset classes, with revenue generated through investment returns and management fees and all profits returned to members rather than external shareholders. Distribution is direct-to-consumer via teamsuper.com and the online portal, supplemented by employer partnerships across transport, energy and mining. The fund has no publicly disclosed fee schedule, no disclosed revenue or AUM figures, and operates exclusively within Australia.

Name

Mine Super

Legal name

Team Super Pty Ltd

Website

https://mine.com.au

Company type

Private

Founded year

1941

Operating status

Operating

Headcount range

251–500 employees

Short description

Mine Super (Team Super) is an Australian profit-to-member superannuation fund, founded in 1941, that provides superannuation, retirement, insurance and investment services to workers in the transport, energy and mining sectors, following its merger with TWUSUPER.

Ownership category

akta.pro rank

Product category

Superannuation and Retirement Fund Management

NAICS

Pension Funds (52511), Pension Funds (525110)

SIC

Investment Advice (6282)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ), Retirement Plan Participant Advice & Managed Accounts (FSAEABAF)

Keywords

• Superannuation fund management
• Retirement savings products
• Pension and income products
• Group life insurance
• Member investment options

Headquarters

HQ city

Newcastle

HQ country

Australia

HQ region

Oceania

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Superannuation Fund Management: As a profit-to-member superannuation fund, Team Super collects superannuation contributions from employers and members, invests them across various asset classes, and provides retirement benefits. Revenue is generated through investment returns on member funds and potentially management fees, with all profits returned to members.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Mine Super (Team Super) is a profit-to-member Australian superannuation fund that collects contributions from employers and members, invests them across multiple asset classes with daily unit pricing, and delivers retirement, pension, and insurance outcomes. The fund offers Super accumulation, Retirement pension products, flexible Insurance cover tailored for high-risk occupations, diversified Investment Options (including a High Growth option), and a Health Hub wellness platform powered by TAL. Members manage their accounts 24/7 through an online portal, and the fund is supported by employer partnerships across transport, energy, and mining industries.

Product overview

Mine Super (Team Super) is a profit-to-member superannuation fund operating as a unified platform offering superannuation savings, retirement planning, insurance cover, and investment management services. The core offering includes Super (retirement savings), Retirement (pension products), Insurance (flexible cover), and Investment Options (growth and diversified strategies). Additional services include Health Hub (wellness platform powered by TAL) and Online Account (digital member portal). The fund specializes in serving transport, energy, and mining workers, having operated since 1941.

Differentiator

Problem solved

Functional benefit

Products and services

• Super Core superannuation product that helps members save consistently over their working life, preparing them for retirement and other big life events through compounding returns. Targets Australian workers in transport, energy and mining sectors.
• Retirement Retirement planning and pension products that provide strategies to help members achieve a comfortable retirement, including options to invest in a pension rather than taking savings as a lump sum. Designed for retiring members of the fund.
• Insurance Flexible insurance cover options designed for high-risk roles, providing financial protection for members and their families if unable to work or in case of unexpected events. Members can change their level of insurance anytime. Targeted at workers in transport, energy and mining.
• Investment Options Various investment options including a High Growth option that has delivered double digit returns over five years, along with daily unit pricing and investment performance tracking. Available to fund members to diversify their superannuation portfolio.
• Health Hub Wellness platform powered by TAL that helps members boost their physical, mental, and financial health. Available to Team Super members as an integrated health and wellbeing benefit.

Quantifiable outcome

• Double-digit returns over the past five years for High Growth investment option
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• TAL (TAL Dai-ichi Life Australia)coreTechnology or IntegrationTAL provides the Health Hub platform for Team Super members, offering resources for physical, mental, and financial health. This partnership enables Team Super to offer comprehensive wellness benefits to its members through TAL's established health platform.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Hostplus: Industry super fund serving hospitality, tourism, recreation, and sport workers. Comparable as a profit-to-member Australian industry super fund with a specialist vertical focus and a similar awards/ratings-driven positioning, though operating in a different sector.
• Cbus Super: Industry super fund created to serve workers in construction and related industries. Highly comparable as a specialist, sector-focused Australian industry fund with a similar profit-to-member model and employer-channel distribution approach targeting a specific blue-collar vertical.
• REST (Rest Super): Industry super fund for people in the retail and fast-food sectors. Comparable as a profit-to-member Australian industry fund targeting a specific vertical, with similar award-winning profile and member-first positioning to Mine Super.
• TWU Super (pre-merger entity): The former transport industry super fund that merged into Mine Super in 2024. Useful historical comparison showing a near-identical target profile that Mine Super's strategy explicitly absorbed as part of its consolidation playbook.
• Energy Super: Super fund specifically serving the energy industry. Highly comparable as a specialist vertical super fund targeting exactly one of Mine Super's three priority sectors (energy), with a similar profit-to-member model and employer-channel approach.
• BUSSQ: Industry super fund for Queensland building, construction, and related workers. Comparable as a profit-to-member Australian industry super fund with a specialist vertical focus on blue-collar workers and similar direct-to-member digital channels.
• First Super: Industry super fund serving transport, logistics, and related workers. Direct peer overlap with Mine Super's transport-worker segment, operating with the same profit-to-member, vertical-specialist model targeting blue-collar transport employees.

Broad incumbents

• AustralianSuper: Australia's largest superannuation fund with a broad member base across industries. Comparable as a profit-to-member industry super fund operating under the same Australian regulatory framework, though serving a much wider and less specialized membership than Mine Super.
• Australian Retirement Trust (ART): One of Australia's largest super funds, formed through the merger of QSuper and Sunsuper. Comparable as a profit-to-member industry super fund created via merger consolidation — analogous to Mine Super's TWUSUPER merger — making it a key strategic peer in industry consolidation dynamics.

Others

• TAL (TAL Dai-ichi Life Australia): Australian life insurance provider and Mine Super's strategic Health Hub partner. Relevant as an enabling ecosystem participant — TAL underwrites insurance cover for funds and provides wellness infrastructure — making it a partner and indirect peer in the superannuation-insurance value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mine Super