Skip to content
Transport Automotive

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

TWUSUPER 2 mins read

Mine Super and TWUSUPER, 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.

In a joint statement, Mine Super Chair, Christina Langby and TWUSUPER Chair, Nick Sherry reported that strong and major progress is being made towards merging the two funds and it is projected that strong financial benefits will result for members.

“Signing the SFT Deed is another meaningful step toward merging two culturally aligned and strong industry super funds that share a commitment to improving and protectng the retirement interests of members in the mining and transport industries”.

“Pleasingly, as our two funds have progressed the merger, we are establishing a stronger foundation for the future. We are more convinced than ever of the benefits members will see through the joining of our two funds with shared member first values”.

Mine Super and TWUSUPER confirmed the final stage of the merger would be dedicated to ensuring a seamless transition for members whilst maintaining the ongoing high levels of service members expect from each fund.

The combined entity will be co-chaired by Mine Super Chair, Christina Langby and TWUSUPER Chair Nick Sherry. Vasyl Nair, currently CEO of Mine Super, will become the CEO of the combined fund. Frank Sandy, CEO of TWUSUPER will be remaining to work alongside Vasyl during the important transitional period. The new fund brings together leaders from both the funds reflecting a shared vision for the future fund and ongoing collaboration between the teams.

Both funds confirmed no change to the anticipated completion of the merger in early 2024.

Contact details:

For Mine Super media enquiries, contact

Jack Gordon || 0478 060 362

For TWUSUPER media enquiries, contact

Nick Lucchinelli | | 0422 229 032 or Brian O’Neil | | 0411 055 284

More from this category

  • Government TAS, Transport Automotive
  • 26/02/2024
  • 15:22
Rail, Tram and Bus Union

ALERT TOMORROW: RTBU launching report into failing Tas transport system

The McKell Institute and the Rail, Tram and Bus Union (RTBU) will launch a new report into Tasmania’s failing public transport systemTOMORROW (Tuesday 27 February, 2024) The report, titled ‘A Better Deal: Fixing Tasmania’s broken public transport system’ examines the level of access to public transport in Tasmania, and asks whether services are adequately meeting community need. It highlights areas that are particularly under-serviced, and makes wide-ranging recommendations for improving the public transport system. WHAT: Launch of ‘A Better Deal: Fixing Tasmania’s broken public transport system’ WHO: · Edward Cavanough – Executive Director, McKell Institute · Max Douglass – Policy…

  • Transport Automotive
  • 26/02/2024
  • 14:13
Australasian Railway Association

Queensland’s Sunshine Coast Rail Line will transform communities, bringing new jobs and housing

Sunshine Coast communities are set to benefit from the significant, long-term urban growth and renewal that rail projects such as the direct Sunshine Coast Rail Line deliver, Australia’s peak rail body says. The CEO of the Australasian Railway Association, Caroline Wilkie, said research shows investment in rail projects future-proof communities along the rail corridor, delivering economic, social, safety and environmental benefits, along with thousands of new jobs and affordable homes. “This $2.75 billion funding commitment from the Queensland Government for the Sunshine Coast Rail Line recognises the significant benefit to the economy, and therefore communities, of having a fast, reliable,…

  • Contains:
  • Transport Automotive
  • 23/02/2024
  • 11:24
Australasian Railway Association

Stage 2B Canberra Light Rail will deliver continued urban renewal and growth for the nation’s capital

The next stage of the Canberra Light Rail project will be a huge catalyst for continued urban renewal, delivering significant economic, social and environmental…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.