The ICC name the all time one-day international side, including Ponting, Gilchrist, McGrath and Bevan
The announcement of the winners was made to coincide with the 40th anniversary of one-day international cricket. The first match was played between Australia and England on January 5 1971 at the Melbourne Cricket Ground.
Australia one-day captain Ricky Ponting was one of four current players named.
Adam Gilchrist, who made his mark as a swashbuckling opener, was picked at number seven, where he started his international career.
Michael Bevan, widely acknowledged as Australia's greatest one-day specialist, won the most votes outside of the first eleven to be named 12th man.
Matthew Hayden and Dennis Lillee were also nominated for the side, but did not gain selection.
Australia's loss to South Africa at the Wanderers Ground was voted as the greatest match of all time.
On that world record night in 2006, Australia's first innings score of 434-4 in 50 overs, with Ponting blasting 164 off 105 balls, was a momentous feat in its own right.
Other famous matches nominated for the best contest included Australia's semi-final tie with South Africa at Edgbaston at the 1999 World Cup, and Australia's one-wicket win over West Indies at the Sydney Cricket Ground in 1996, made famous by Michael Bevan's boundary on the final ball.
The 40th anniversary of the ODI is being marked in the build-up to cricket’s flagship event, the ICC Cricket World Cup 2011, which begins in Dhaka, Bangladesh on 19 February.
