Sky Five Live is a two-record album by Sky recorded live at The Comedy Theatre & The Concert Hall, Melbourne, The Concert Hall, Perth, The Festival Theatre, Adelaide and The Capitol Theatre, Sydney.

It was mixed at Studio 3, EMI Abbey Road, London and mastered by Nick Webb.

[2] It was released in January 1983 on the Ariola record label.

Unlike most live albums, the majority of the tracks included on this release are new, with only four tracks having been previously released ("Dance of the Little Fairies", "Sahara" and "Hotta", all on Sky 2, and "Meheeco", on Sky 3), all of them in shorter and generally very different versions from the ones featured here.

In 2015, Esoteric Recordings continued a schedule of remasters and expanded releases with this recording.