Bundaberg Rum, colloquially known as Bundy, is a dark rum owned by Diageo. It is produced in Bundaberg East, Queensland, Australia, by the Bundaberg Distilling Company. In 2010, the Bundaberg Distilling Company was inducted into the Queensland Business Leaders Hall of Fame.

Bundaberg Rum originated because the local sugar mills had a problem with what to do with the waste molasses after the sugar was extracted. Molasses was heavy and difficult to transport, and the costs of converting it to stock feed were rarely worth the effort. Sugar men first began to think of the profits that could be made from distilling. The key meeting was held at the Royal Hotel on 1 August 1885. W. M. C. Hickson served as the chairman, and other notables in attendance included all the big sugar mill owners of that time: W. G. Farquhar, F. L. Nott, T. Austin, J. Gale, S. McDougall, T. Penny, S. H. Bravo and A. H. Young. All became the first directors of the company, which started with a capital of £5,000 converted into $9,725.18.

The Bundaberg Distilling Company began its operations in 1888, and Bundaberg rum was first produced in 1889. Production ceased from 1907 to 1914, and from 1936 to 1939, after fires, the second of which caused rum from the factory to spill into the nearby Burnett River. Many fish were killed due to the liquor runoff into the river.

Christsen Pty Ltd operated their own Bundaberg Rum bottling plant in Bourbong Street, Bundaberg, at the rear of their large grocery and hardware business in the centre of town. The spirit was sold at UP and OP strength from their business. ^{[citation needed]}

In 1961, the company introduced the polar bear as its unusual choice of mascot, to imply that the rum could ward off the coldest chill.

In 2000, the Bundaberg Rum company and the distillery were sold to British company Diageo. In 2014, a decision by Diageo to relocate the bottling operations of Bundaberg Rum to the western Sydney suburb of Huntingwood resulted in job losses in Bundaberg. The decision drew criticism from various levels of Queensland politics. The Premier, Campbell Newman, said it was a disappointing move, particularly for a region that had suffered devastating floods in recent years. Bundaberg mayor, Mal Forman, was also disappointed and concerned about the tourism impact.

A Diageo spokeswoman later clarified the situation, saying some premium products, such as the Master Distillers Collection, would continue to be bottled in Bundaberg. "This was not a decision we have taken lightly, however it is a necessary one to ensure the longer term sustainability of the distillery. We remain absolutely committed to Bundaberg and the distillery and will continue to invest and focus on our core business of distilling, maturing and blending great quality rum in Bundaberg as we have done for the last 125 years".

The Bundaberg Rum distillery is open to visitors for tours of the facility. There is also a museum which offers free samples of Bundaberg Rum products for visitors in a historic Queenslander house. The Big Bundy Bottle is also outside of the bond store. A new $8.5 million visitor centre opened to the public in August 2016 replacing the smaller historic house next door.