Water Rats is an Australian TV police procedural broadcast on the Nine Network from 1996 to 2001.

A comedy of life's temptations - lust, greed and power. The city in question is Sydney and the colour green signifies greed and envy in David Williamsons amusing satire on its film and publishing industries. The story centers around the Rogers family, loosely modelled on Williamson's own.

The story of the 1983 America's Cup challenge, where the Australian team financed by business tycoon Alan Bond, finally wrests the cup from the New York Yacht Club, after an unbroken 132 year winning streak.