1 January – 1962 Cabinet papers are released to the public.
7 January – West Australian Premier Carmen Lawrence announces a February 6 election date.[1]
9 January – Prime Minister Paul Keating denies any involvement in a multimillion-dollar salami venture with a Hungarian company in the NSW Hunter Valley, as had been alleged by Senator Michael Baume.
13 January – National Party Leader Tim Fischer calls on Japan to apologise for Japanese atrocities committed during World War II.
20 January – A funeral is held for former Governor-General, Sir Paul Hasluck in St. George's Cathedral, Perth.
21 January – The Australian dollar slumps to its lowest level since early 1987 (US 66.3c) prompting international investors to abandon the currency and a rescue intervention effort from the Reserve Bank of Australia.[2]
22 January –
Prime Minister Paul Keating releases a statement revealing that he is suing Senator Michael Baume over comments he made in a 3AW radio interview about Mr. Keating's involvement in a Scone piggery, Danpork and tax concessions for which he applied.
Shell Australia announces plans to close more than half of the nation's oldest colliery, the South Bulli Mine, leading to 230 job losses for New South Wales coal miners.
25 January – The Remuneration Tribunal announces that MPs will have their pay boosted by 1.4 per cent from March 11.
28 January –
The Federal Government curtails MDS microwave delivery as a secondary pay TV system to satellite and calls off the auction for new MDS licences, a decision which Prime Minister Paul Keating claims is to stop "inferior technology" – the microwave system – from hijacking the pay-TV industry.[3]
Federal Treasurer John Dawkins announces that the Federal Government is revising its Budget forecasts for growth in 1992–93 from 3 per cent to 2.5 per cent.[4]
31 January – New South Wales Transport Minister, Mr. Baird, announces that 2,000 jobs will disappear from the State Rail Authority this year and stressed that all redundancies would be voluntary.
6 February – Elections in Western Australia see the ALP government of Carmen Lawrence voted out and the Liberal Party voted in. Richard Court becomes the new premier.
7 March – Two prisoners, Peter Gibb and Archie Butterley, escape from the Melbourne Remand Centre with the help of prison officer Heather Parker.[5]
13 March – Paul Keating and the ALP win the federal 'unwinnable election' and are re-elected for a fifth term in power.
4 August – Coles Myer announces a $4 billion expansion plan creating 100,000 new jobs & spanning five years.
28 August – HMAS Collins (SSG 73), the first of the Collins Class submarine, becomes the first Australian-built and designed submarine to launch
3 March – The "birthday cake interview" with John Hewson takes place on A Current Affair. Hewson's confused explanation of the effect of a consumption tax in the Coalition's Fightback! package is seen as a crucial factor in the surprise re-election of the ALP at the federal election.
30 July – A Country Practice is axed after 1,058 episodes by the Seven Network. The final episode aired on 22 November, Network Ten pick up the series the following year, but it is nowhere near as successful as the Channel Seven version and is axed soon after.
5 March – First day of the Australian Track & Field Championships for the 1992–1993 season, which are held at the QEII Stadium in Brisbane, Queensland.
10 April – Jason A Richardson won the Stawell Gift in 11.94secs
18 July – Sean Quilty wins his second men's national marathon title, clocking 2:15:31 in Brisbane, while Karen McCann claims her second women's title in 2:40:10.
25 September – Essendon (20.13.133) defeat Carlton (13.11.89) to win the 97th VFL/AFL premiership.