The NSL Cup was sponsored by Johnnie Walker and known as the Johnnie Walker Cup for sponsorship purposes.
Parramatta Eagles were the defending champions, having defeated Sydney United to win their first title in the previous season's final, but they were eliminated in the first round by Sydney Olympic.
[1] Melbourne Knights defeated Heidelberg United 6–0 in the final to win their first NSL Cup title.
[2] The NSL Cup was a knockout competition with 14 teams taking part all trying to reach the Final in October 1994.
[3] The competition consisted of the 14 teams from the National Soccer League.