The 1992 NBL season was the 14th season of competition since its establishment in 1979. A total of 13 teams contested the league, Southern Melbourne having merged with Eastside Melbourne to form the South-East Melbourne Magic during the off season.

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The 1992 regular season took place over 22 rounds between 3 April 1992 and 26 September 1992.

This is the ladder at the end of season, before the finals. The top 8 teams qualified for the finals series.

Updated to match(es) played on 26 September 1992. Source: NBL.com.au

The NBL tie-breaker system as outlined in the NBL Rules and Regulations states that in the case of an identical win–loss record, the results in games played between the teams will determine order of seeding.

¹Head-to-Head between Perth Wildcats and Brisbane Bullets (1-1). Perth Wildcats won For and Against (+4).

²3-way Head-to-Head between Canberra Cannons (4-0), Adelaide 36ers (1-3) and Gold Coast Rollers (1-3).

³Head-to-Head between Adelaide 36ers and Gold Coast Rollers (1-1). Adelaide 36ers won For and Against (+11).

⁴Hobart Tassie Devils won Head-to-Head (2-0).

There were four quarterfinals, two semifinals, and then best of three grand final series.

• Most Valuable Player: Scott Fisher, North Melbourne Giants & Andrew Gaze, Melbourne Tigers
• Most Valuable Player Grand Final: Bruce Bolden, South East Melbourne Magic
• Best Defensive Player: Terry Dozier, Newcastle Falcons
• Most Improved Player: Andrew Svaldenis, Hobart Tassie Devils
• Rookie of the Year: Lachlan Armfield, Canberra Cannons
• Coach of the Year: Brian Goorjian, South East Melbourne Magic