With Hungary, Argentina and Australia all tied at 3-1 at the end of the group stage, results went to the total point aggregate and while that meant Hungary advanced, Argentina and Australia were still tied.
In the event of a tie after aggregate scores, FIBA rules state the highest ranked team coming into the tournament would advance and due to Australia's inexperience in the 3x3 format, this ruling proved their downfall.
Isabella Brancatisano, Maddison Rocci, Kelly Bowen and Jenni Screen still proved their worth in the competition as their only loss for the pool stage came in overtime.
Against Macau, Bowen utilised her size advantage in the paint, posting up the smaller opposition defenders.
She scored within the first five seconds before Brancatisano joined in, connecting on an and-one play to help Australia to a 5-2 advantage.
Their defence was just as impressive with Brancatisano recording two straight steals and when Screen came off the bench, she was able keep the offence flowing as she pushed the margin out to 12-3.
Chan was able to respond for Macau, hitting from long range but their shooting percentage remained low without the ability to score inside.
Bowen put the finishing touches on the contest in the dying seconds, hitting a long-range two-pointer of her own to record a 20-11 victory.
Two hours later, the Aussies were back on the court needing a big win over Hungary and Rocci got them off to the perfect start with a strong intent on driving to the basket.
Her speed ensured she was able to escape the bigger Hungarians while Bowen showcased her fade-away to give Australia a 4-1 lead.
Their stifling defence was also on full display, holding the opposition to just a point in the first three minutes while Screen contributed to a 9-4 advantage halfway through the game.
Hungary finally found a rhythm as they pushed Australia into the foul bonus. Free throws saw them score three straight points and while Rocci's lay-up helped Australia's cause, the match was all tied up with 1:30 remaining.
The momentum swung back and forth in the final minute before Screen hit a basket with 11 seconds to go.
She then won the game with her defence, halting a frenetic drive to the rim from Hungary and securing the 12-11 victory.
While the culmination of the pool stage marked the end of Australia's 2016 World Championships, this exciting format of the game is on the rise and the Aussies are sure to rise as well from their initial world ranking of 18 which will help them in future campaigns.
The pool standings and brackets for the finals can be found via FIBA's website here.