Black Falls (also referred to as Blacks Falls) is a significant waterfall on Mount Emu Creek in Victoria's Western District, Australia. It sits along approximately one kilometre of creek frontage near Panmure, in a rural farming area northeast of Warrnambool.

Mount Emu Creek, the longest creek in Victoria at around 250 kilometres, flows generally south by southwest before joining the Hopkins River.

The falls are located in the lower reaches of this waterway, which descends a total of 377 metres over its course through the Glenelg-Hopkins catchment.