The Board of Directors and AWA Executive staff met in Melbourne 27 July 2026 to review corporate matters and company performance against KPIs for the full 2026 Financial Year.
Significant items reviewed and resolved are reported below:
- The meeting reviewed timelines and venues for the 2026 Annual General Meeting. The 2026 AWA AGM will be held Monday 02 November 2026 at the QT Gold Coast in Surfers Paradise. A formal Notice of Annual General Meeting will be issued.
- The meeting reviewed and approved changes to the AWA animal registers to implement a new Commercial (non-breeding) and Breeding Register structure. This will enable more flexibility for members to use WBVs to assist with selection of slaughter and breeding animals. This change enables registration of all newly born animals in the Commercial register (AUD $10 each) for the first 12 months of life, prior to transition of these animals to the Breeding register for breeding animals only at normal registration prices (eg. AUD $34.90 – $10.00 = $24.90 prior to 12 months of age). Upgrade fees for animals older than 12 months of age were also significantly reduced. Commercial registered animals with carcase data returned to the AWA will receive a $10 rebate.
- The Wagyu Carcase Royale feedlot and carcase competition final format and logistics were approved, with Sandalwood formally accepted as the competition Feedlot and Supply Chain Partner. Entries were approved to open from 31 July to 10 August 2027, targeting 400 entries, with the initial results and awards to be presented at WagyuEdge’28.
- AWA Wagyu Content Check DNA test final testing was reviewed and approved by the meeting for release to members, noting that the updated Wagyu Content Check provided results that were highly consistent with the prior Content Wagyu Test across Bos Indicus and Bos Taurus Wagyu crosses. The new Wagyu Content Check will assist producers in identifying Wagyu content in their genotyped animals, better informing breeding and selection decisions. This information will now be used to determine crossbred grade (ie, F1, F2, F3, F4 and Purebred) in the absence of other pedigree information. The Wagyu Content Check has recently been released to members.
- The Board reviewed further legal items in progress regarding the Helical database breach through AWA member accounts as notified to members 06 June 2026. The AWA has been working with Helical and cyber security industry exports to ensure that appropriate responses and measures have been implemented. All notifications to relevant organisations have been done in a legal and timely manner. We have also notified the National Cyber Security Coordinator, The National Office of Cyber Security (NOCS), and various law enforcement agencies, including the Australian Federal Police.
- The Board further reviewed items relating to the use of gene technologies and the cloning of animals, noting that this is an issue of National significance for red meat industries. The Board noted that the AWA Executive have met with representatives from Meat and Livestock Australia (MLA) and that MLA have committed to coordinating an industry summit on the matter for later in 2026, with stakeholders to be advised. The AWA’s Bylaws concerning cloning and gene technologies remain unchanged.
- The AWA reviewed and approved changes to the AWA Bylaws regarding:
- Stopping the use of geographical locations within new herd prefixes, noting that this is creating confusion and difficulty for members where significant geographic locations are used;
- The updating of regulations to note the use of Commercial and Breeding Registers, including the definition of Register;The updating of regulations regarding Performance Recording now that AWA members record data on Helical instead of with ABRI. Similar to AWA’s financial conditions within the AWA Terms of Trade, AWA Performance Recording and Wagyu Breeding Values Terms and Conditions are now listed on the AWA Website
- Following the completion of FY2026, the full year AWA operational and financial performance was reviewed. The meeting noted that AWA has met its budget targets and KPIS for the year to 30 June 2026, including the transition of AWA’s member services to Helical and the transition of AWA’s genetic evaluation to WBVs. The AWA investment portfolio performance was noted as consistent with targets, and the AWA is sitting in net surplus, completed FY2026 with a moderate net profit.
- The Board approved the 53 new applications for membership 25 April 2026 to 20 July 2026 including 47 new Full members 6 new Associate members.
As AWA Company Secretary and on behalf of the AWA President and the AWA Board, it is my pleasure to provide this report to you.
Sincerely,
Dr Matt McDonagh
CEO