May – The Australian Grand Prix is moved from Adelaide to Melbourne after the Premier of Victoria spends what is reported to be quite a large amount on securing the rights to the race from 1996 onwards. Protests ensue about what many saw as the turning of public parkland into a private racetrack.
1 July – Telecom Australia changes its domestic trading name to Telstra.
15 July – The Queensland state election produces a hung Parliament, with Labor holding a one seat majority over the Liberal/National coalition. However, irregularities are reported in the seat of Mundingburra, which was won by the Labor Party. After a recount, the seat goes to the coalition. This, combined with the decision of Gladstone-based independent Liz Cunningham to support the coalition, ensures that the coalition form the government in Queensland.
20 October – Brenda Hodge, the last person to be sentenced to death in Australia before the full abolition of capital punishment, is paroled from prison after serving eleven years of a life sentence.
24 October – Anna Wood, 15-year old schoolgirl from Sydney, dies after taking ecstasy at a rave. Her death sparks a media firestorm and a national debate over the use of illicit drugs.
3 November- After a six-month trial, David Harold Eastman is convicted by a jury of the assassination of AFP Assistant Commissioner Colin Winchester. He is sentenced to life imprisonment and can only be released by approval of the ACT parliament, Federal Parliament and the Governor-General.
International rugby league representative forward Ian Roberts became the first high-profile Australian sports person and first rugby footballer in the world to come out to the public as gay.
2 March – First day of the Australian Track & Field Championships for the 1994–1995 season, which are held at the Sydney Athletic Field in Sydney. The men's 10,000 metres events were conducted in conjunction with the Zatopek Meet at Melbourne, Victoria on 15 December 1994.
31 March – The Super League war begins. Lightning raids begin across the country to sign players on vastly inflated contracts. The Kerry Packer backed ARL responds by signing 50 players onto equally inflated contracts on 2 April.