Genetic and phenotypic parameters for feed efficiency, growth, and carcass traits for Australian Angus beef cattle were estimated. Growth traits included birth weight (BWT), 200-d weight (200dWT), 400-d weight (400dWT), and 600-d weight (600dWT). Traits associated with feed efficiency were average daily weight gain (ADG), metabolic midweight, average of daily feed intake (FI), feed conversion ratio (FCR), residual feed intake (RFI), and residual gain (RG). Carcass traits involved were carcass eye muscle area (CEMA), carcass intramuscular fat (IMF), subcutaneous fat depths at the 12th/13th rib (CRIB), rump P8 fat depth (P8FAT), and carcass weight (CWT). For growth traits, heritability estimates ranged from 0.14 ± 0.03 for 200dWT to 0.48 ± 0.06 for 600dWT. For feed efficiency traits, direct heritability estimates for FI, FCR, RFI, and RG were 0.55 ± 0.08, 0.20 ± 0.06, 0.40 ± 0.07, and 0.19 ± 0.06, respectively. High heritability estimates were observed for CEMA, IMF, P8FAT, and CWT of 0.52 ± 0.09, 0.61 ± 0.09, 0.55 ± 0.09, and 0.66 ± 0.09, respectively. Strong positive genetic correlations were found for FI with 200dWT, 400dWT, and 600dWT of 0.68 ± 0.09, 0.42 ± 0.11, and 0.61 ± 0.07, respectively. Weak genetic correlations were observed between RFI and growth traits. For carcass traits, genetic correlations between RFI and CEMA, IMF, CRIB, P8FAT, CWT were -0.19 ± 0.14, 0.31 ± 0.14, 0.18 ± 0.16, 0.24 ± 0.13, and 0.40 ± 0.12, respectively. There was a tendency for low to moderate unfavorable genetic associations between feed efficiency traits, evaluated as RFI and RG, with growth and carcass traits. This implies that selection for RFI would have slight negative impacts on growth and reduce carcass quality. To avoid this, it would be necessary to build selection indices to select feed efficient animals without compromising growth and meat quality.