The share market ended the day lower, as weaker commodity prices dragged down resource stocks.
The All Ordinaries lost a quarter of 1 per cent to 4,463 while the ASX 200 retreated 10 points to 4,447.
Rio Tinto was one of the hardest hit, losing almost 2 per cent, while BHP Billiton retreated 0.5 per cent.
The major banks were mostly higher, but Commonwealth slipped 0.5 per cent.
Energy stocks were hurt by a fall in oil prices; Woodside lost 1 per cent.
Defensive sectors managed to buck the trend.
Telstra continued to find support, up another 1 per cent to $4.33.
Its rival Singtel, owner of Optus, added almost 3 per cent.
Qantas, meanwhile, has another stoush on its hands, this time with Tourism Australia.
The airline has withdrawn its financial support for the federal body because the chairman is Geoff Dixon, the same man involved in the failed Qantas takeover in 2007, and is now making rumblings of another stab at the airline.
Shares in Qantas slid 2.25 per cent, but that was in line with the losses suffered by its rival Virgin.
Gaming company Aristocrat saw a 7 per cent rise after opening up its books and revealing a strong nine-month performance, doubling profits.
In economic news, a report from the OECD expected Australia's economic growth to slow to 3 per cent next year, down from an earlier prediction of 3.7 per cent.
It also warned the Federal Government to not push for a budget surplus this financial year if the economy weakened significantly.
But Finance Minister Penny Wong insisted the outlook confirmed the economy was strong.
About 5pm (AEDT) the Australian dollar was down slightly from the same time a day earlier, buying 104.5 US cents.
It was also buying 80.8 euro cents, 65.3 British pence and 85.4 Japanese yen.
West Texas crude was worth $US87 a barrel, Tapis dropped to $US114 and spot gold was lower at $US1,738 an ounce.