The Oswald Watt Gold Medal is an Australian award in aviation, named after Oswald Watt (1878–1921), a distinguished World War I pilot.
Established in 1921 following the death of Oswald Watt, it is presented by the Royal Federation of Aero Clubs of Australia for "an outstanding aerial performance or a significant contribution to aviation by an Australian or within Australia." Since it is granted based on merit, this is not an annual award; from its establishment until 1999, it was conferred a total of 48 times. The award was not given between 2000 and 2010.
It is considered Australia's most prestigious aviation award.