Ronald Masters (20 April 1913 – 6 March 1972) was an Australian diver who competed in the 1936 Summer Olympics. In 1936 he finished 14th in the 3 metre springboard event and 15th in the 10 metre platform competition. At the 1938 Empire Games he won the gold medal in the high diving contest and the silver medal in the 3 metre springboard event.