Australian Agricultural Company
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OVERALL |
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Owned |
AUS |
Rating |
N/A |
Beef cattle farming
Australia's largest cattle company. Operates cattle stations, feedlots and farms, as well as wholesales beef products.
Company Ownership
Australian Agricultural Company Ltd | AUS | website | ||||
Tattarang Pty Ltd
owns 20% of Australian Agricultural Company Ltd |
AUS | website | ||||
Holding company Holding company for the Forrest family's private business interests. Their investment portfolio spans across agri-food, energy, resources, property, hospitality, sport and entertainment. Formerly known as Minderoo Group. |
Company Assessment
PRAISE | CRITICISM | INFORMATION | ||
Australian Agricultural Company Ltd | ||||
The Coller FAIRR Protein Producer Index is a comprehensive assessment of how this sector is managing critical sustainability risks factors: GHGs; deforestation and biodiversity; water scarcity; water pollution; antibiotics; animal welfare; working conditions; food safety. This company was rated as high risk.
Source: FAIRR (2022)
This company operates two feedlots, both in Queensland. A feedlot is an intensive confinement animal feeding operation (CAFO) for cattle, much like a factory for 'battery chickens'. Each animal has 5 to 10 square metres of space in a pen of 50 to 200 cattle. The cattle are forced to stand and sleep in their own dung and urine, and endure extremes of weather (especially heat). Close confinement means a much higher risk of disease so antibiotic drugs are routinely used. Grain feed commonly causes their digestive systems to be acidic. Cattle spend up to a year in feedlots, where they are fattened up before slaughter.
Source: company website (2023) |
Modern slavery disclosure is a critical step in mitigating the risk associated with modern slavery practices in companies' operations and supply chains. The quality of the disclosure signals the level of commitments and efforts that the companies have put in managing these risks. In 2021 the Monash Centre for Financial Studies analysed and ranked the disclosure quality of the modern slavery statements submitted by the 300 largest listed companies on the Australian Stock Exchange (ASX300). This company's modern slavery disclosure statement received a grade of C.
Source: Monash University (2021)
According to data released by the Australian Tax Office in Jan 2022, this company was one of many local and foreign-based companies that paid no tax in Australia in 2019-20. Please note however that companies pay income tax on profits, not revenue (total income). While some companies use tax havens and loopholes to avoid paying their fair share of tax in Australia, other companies that paid no tax have perfectly legitimate reasons.
Source: ATO (2022) |
Company Details
Type | Public company |
Employees | 390 (2010) |
Contact Details
Address | Level 1, 299 Coronation Drive, Milton, QLD, 4064, Australia |
Phone | 07 3368 4400 |
info@aaco.com.au | |
Website | www.aaco.com.au |