The final was held at the Gerhard Hanappi Stadium, Vienna on 1 May 2007.
The teams representing Austria in European competitions (Austria Wien, Red Bull Salzburg, FC Pasching and SV Mattersburg) received a bye to the third round of the tournament.
The competition was won by Austria Vienna after beating SV Mattersburg 2–1.
It was the 26th Austrian Cup title for the team from Vienna and the third in a row.
Thirty games were played between July 28 and August 15, 2006, with the winners advancing to the first round.