Division III represents the sixth and the lowest tier of the IIHF World Junior Championship.

The tournament was played in Istanbul, Turkey, from 26 January to 2 February 2023.

[1][2] It consisted of one pool of eight teams separated into two preliminary round groups.

The winners of this tournament, Australia, were promoted to the 2024 World Junior Ice Hockey Championship Division II B.

Five referees and ten linesmen were selected for the tournament.