The Fourth Fraser Ministry was the forty-seventh Australian Commonwealth ministry, and ran from 3 November 1980 to 7 May 1982.

Liberal Party of Australia–National Country Party Coalition

Cabinet

• Rt Hon Malcolm Fraser, MP: Prime Minister
• Rt Hon Doug Anthony, MP: Deputy Prime Minister, Minister for Trade and Resources (NCP)
• Rt Hon Phillip Lynch, MP: Minister for Industry and Commerce (to 11 October 1982)
• Rt Hon Ian Sinclair, MP: Minister for Communications (to 7 May 1982)(NCP)
• Senator Hon John Carrick: Minister for National Development and Energy. Vice-President of the Executive Council
• Hon Tony Street, MP: Minister for Foreign Affairs
• Hon Peter Nixon, MP: Minister for Primary Industry (NCP)
• Hon John Howard, MP: Treasurer
• Hon Andrew Peacock, MP: Minister for Industrial Relations (to 16 April 1981) (out of Cabinet 16 April 1981 to 11 October 1982). Minister for Industry and Commerce (from 11 October 1982)
• Hon Sir James Killen, KCMG MP: Minister for Defence (to 7 May 1982)
• Senator Hon Dame Margaret Guilfoyle, DBE: Minister for Finance
• Hon Ian Viner, MP: Minister for Employment and Youth Affairs (to 16 April 1981). Minister assisting the Prime Minister (to 7 May 1982). Minister for Industrial Relations (16 April 1981 to 7 May 1982). (see outer Ministry)
• Senator Hon Peter Durack, QC: Attorney-General
• Senator Hon Fred Chaney: Minister for Social Security
• Hon Wal Fife, MP: Minister for Education. Minister assisting the Prime Minister in Federal Affairs (in Cabinet from 16 April 1981)
• Hon Ian Macphee, MP: Minister for Immigration and Ethnic Affairs
• Senator Hon Peter Baume: Minister for Aboriginal Affairs. Minister assisting the Minister for National Development and Energy. Minister for Health (20 April 1982 to 7 May 1982). Minister for Education (from 7 April 1982) (in Cabinet from 7 April 1982)

Outer ministry

• Hon Ralph Hunt, MP: Minister for Transport (NCP)
• Hon Robert Ellicott, QC MP: Minister for Home Affairs and the Environment (to 17 February 1981)
• Hon Michael MacKellar, MP: Minister for Health (to 20 April 1982). Minister for Home Affairs and the Environment (17 February 1981 – 19 March 1981).
• Hon Kevin Newman, MP: Minister for Administrative Services. Minister assisting the Minister for Defence (to 7 May 1982)
• Hon David Thomson, MP: Minister for Science and Technology (NCP)
• Hon Michael Hodgman, MP: Minister for the Capital Territory
• Hon Tom McVeigh, MP: Minister for Housing and Construction Minister assisting the Minister for Trade and Resources (NCP)
• Senator Hon Tony Messner: Minister for Veterans' Affairs. Minister assisting the Treasurer
• Hon John Moore, MP: Minister for Business and Consumer Affairs (to 20 April 1982)
• Hon Neil Brown, QC MP: Minister for Employment and Youth Affairs (16 April 1981 to 7 May 1982). Minister for Business and Consumer Affairs (20 April 1982 to 7 May 1982). Minister for Communications (from 7 May 1982). Minister assisting the Attorney-General (from 7 May 1982)
• Hon Jim Carlton, MP: Minister for Health (from 7 May 1982). Minister assisting the Minister for National Development and Energy (from 7 May 1982)
• Hon John Hodges, MP: Minister for Immigration and Ethnic Affairs (from 7 May 1982)
• Hon Ian Wilson, MP: Minister for Home Affairs and Environment (19 March 1981 to 7 May 1982). Minister for Aboriginal Affairs (from 7 May 1982). Minister assisting the Minister for Social Security (from 7 May 1982)
• Hon Ian Viner, MP: Minister for Defence Support (from 7 April 1982)