Green’s Dictionary of Slang

chunk of beef n.

also chunka beef
[rhy. sl.]

(Aus.) the chief, the boss.

[Aus]Argus (Melbourne) 18 Apr. 3s/6: ‘Chunks’ is a look meaning chief or boss[...] is short for ‘chunk of beef’.
[US]Maurer & Baker ‘“Aus.” Rhyming Argot’ in AS XIX:3.
[UK]Dodson & Saczek Dict. of Cockney Rhy. Sl.
[UK]R. Puxley Fresh Rabbit.
[Aus]Pete’s Aussie Sl. Home Page 🌐 chunk of beef: the chief, the boss.