The 1986 National Panasonic Cup was the 13th edition of the NSWRL Midweek Cup, a NSWRL-organised national club Rugby League tournament between the leading clubs and representative teams from the NSWRL, the BRL, the CRL, Western Australia and Papua New Guinea.
A total of 17 teams from across Australia and Papua New Guinea played 16 matches in a straight knock-out format, with the matches being held midweek during the premiership season.