Is a company giving hiring preferances to people of colour racist?

Koalamate
I just saw a government job listed and down the bottom it said they will be giving hiring preferance to qualified aboriginal or toristrait islanders and gave a link to the racial descrimination act
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GirlGuy
Updates:
27 d
Thankyou for all your feedback.
I'm glad most of us can agree this is racist but there is a large amount of people saying it's fair as it combats white privilege but I would just like to mention that is not supporting equal opportunity/rights it is just racism and changing the target.
I am not dismissing the fact that white privilege exists but I have had no educational or financial advantage for being white and have missed out on educational funding due to the colour of my skin.
Is a company giving hiring preferances to people of colour racist?
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