In a quick succession, a short-stack Billy Jordanou along with reigning Aussie Millions Champion Tyron Krost and Full Tilt Poker Red Pro Steve Yea have all been eliminated from the tournament.
All three players fell in third place on their table leaving their remaining two opponents to battle it out on the bubble.
The 158-player field has formed an AUD$158,000 prizepool that sees the top eighteen players sneak into the money with a guaranteed AUD$2,015 for anyone that wins their table.
Jack "doctor_fun" Powell is the next player to advance through to the second round.
Amassing a 91,850-chip stack, Powell managed to best a table that featured the reigning Aussie Millions Champion Tyron Krost and a few local tournament regulars.
Justin Walch is the tenth player to reach round two.
He amassed a 91,525-chip stack after defeating a table that featured Opening Event winner Martin Drewe, Victorian Poker Championships winner Michael Egan, Emanuel Seal and Jie Gao.