Is the southern hairy nosed wombat endangered?

The Southern hairy nosed wombat is listed as "Endangered" on Schedule 1 of Australia's Threatened Species Conservation Act 1995. However, its IUCN status is "Least Concern".

It has fared better than its cousin, the northern hairy-nosed wombat, which is endangered, with a high likelihood of impending extinction if current threats are not reduced.