Peter Lonard won his second Australian Masters title after a three-way playoff with fellow Australians Gavin Coles and Adam Scott.
Lonard, the 1997 champion, shot a closing 6-under-par 66 to catch Coles (70) and Scott (71) at 9-under 279 at Huntingdale.
Scott dropped out after the first sudden-death playoff hole when he failed to make a par putt.
Lonard and Coles both parred the second extra hole. But Lonard won with a par on the third after Coles made a bogey after going into a fairway bunker with his tee shot.
Nick Faldo fires a final round 71 to finish with a 2-under 286, sharing 15th place with Peter Fowler.