The feeding ecology of longtail tuna was studied in northern and eastern Australia. Diet biomass data were used to estimate daily ration and consumption of individual prey taxa, particularly penaeids targeted by Australia’s valuable Northern Prawn Fishery (NPF). Overall, the 497 stomachs contained 101 prey taxa. In both regions, small pelagic and demersal fishes comprised the majority of the diet biomass. Fish in both regions showed a marked increase in prey diversity, variation in prey composition and stomach fullness index in autumn and winter (March–August). This increase in apparently opportunistic feeding behaviour and feeding intensity showed an inverse relationship with reproductive activity, indicating a possible energy investment for gonad development. Daily ration decreased with increasing fish size, while annual consumption by fish increased with size. Total prey consumption in the Gulf of Carpentaria was estimated at 148 178 t year^–1. This includes 599 t year^-1 of penaeids, equivalent to 11% of the annual NPF catch. This study demonstrated that longtail tuna play an important ecological role in neritic ecosystems. Their interaction with commercial fisheries highlights the need for targeted dietary studies of high order predators to better understand trophic pathways to facilitate ecosystem-based fisheries management.