The 1992 Australian Grand Prix was a Formula One motor race held at Adelaide on 8 November 1992. It was the sixteenth and final race of the 1992 Formula One World Championship.

The race was won by Austrian driver Gerhard Berger, driving a McLaren-Honda. Berger won by 0.7 seconds from German Michael Schumacher in a Benetton-Ford, with Schumacher's British teammate Martin Brundle third. Nigel Mansell, in what was intended to be his final Formula One race before his move to IndyCars for 1993, took pole position in his Williams-Renault and led until Brazilian Ayrton Senna, in the other McLaren-Honda, collided with him while attempting to overtake him, eliminating them both.