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We used the Ecopath with Ecosim software to develop a trophic mass-balance model of the eastern Great Australian Bight ecosystem, off southern Australia. Results provide an ecosystem perspective of Australia's largest fishery, the South Australian sardine fishery, by placing its establishment and growth in the context of other dynamic changes in the ecosystem, including: the development of other fisheries; changing abundances of apex predator populations and oceanographic change. We investigated the potential impacts of the sardine fishery on high tropic level predators, particularly land-breeding seals and seabirds which may be suitable ecological performance indicators of ecosystem health. Results indicate that despite the rapid growth of the sardine fishery since 1991, there has likely been a negligible fishery impact on other modelled groups, suggesting that current levels of fishing effort are not impacting …