The Waranga Dam is a major earthfill embankment dam with an uncontrolled spillway located approximately 150 kilometres (93 mi) north of Melbourne in the North Central region of the Australian state of Victoria. The impounded off-stream reservoir is Waranga Basin and forms part of the Goulburn River irrigation system, irrigating an area of 626 square kilometres (242 sq mi). The dam and reservoir are located in Shire of Campaspe near the City of Greater Shepparton and is located 8 kilometres (5 mi) north-east of Rushworth, 12 kilometres (7.5 mi) south-west of Tatura, and near Murchison. When full, the reservoir covers an area of 58.5 square kilometres (22.6 sq mi).

The Goulburn River, a major inland perennial river of the Goulburn Broken catchment, part of the Murray-Darling basin, is located in the Alpine, Northern Country/North Central, and Southern Riverina regions of the Australian state of Victoria. The headwaters of the Goulburn River rise in the western end of the Victorian Alps, below the peak of Corn Hill before descending to flow into the Murray River near Echuca, making it the longest river in Victoria at 654 kilometres (406 mi). The river is impounded by the Eildon Dam to create Lake Eildon, the Eildon Pondage, the Goulburn Weir and Waranga Basin.