The Fahey–Murray ministry (1992) or First Fahey–Murray ministry or First Fahey ministry was the 82nd ministry of the New South Wales Government, and was led by the 38th Premier of New South Wales, John Fahey, representing the Liberal Party in coalition with the National Party, led by Wal Murray.

The term of this ministry is just nine days, from 24 June 1992, when Fahey was elected to succeed Nick Greiner as Leader of the New South Wales Liberal Party and hence became Premier; until 3 July 1992, when Fahey reconstituted the ministry.

Ministers are listed in order of seniority.

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Ministers are members of the Legislative Assembly unless otherwise noted.