The All-Stars, a collection of mostly up-and-coming domestic players sprinkled with the likes of older heads Gilchrist, Justin Langer and Brad Hodge, batted first and posted a formidable 4 for 203 from their 20 overs.
The Australians started poorly in reply, losing three wickets for 34 runs inside four overs and were never able to get their chase back on track despite an encouraging 45 by the returning Andrew Symonds.
Australia were bowled out for 139 in the penultimate over, with Steve Magoffin, Brendan Drew, Andrew McDonald and Dan Cullen all picking up two wickets apiece.
The All-Stars' fielding was also one of the highlights of the evening, with Ryan Harris running out Shane Watson with a direct hit from mid-on and Michael Dighton taking a miraculous catch on the boundary
late in the game.
It was not the first time Dighton
had brought the crowd to their feet, upstaging Gilchrist with the bat thanks to a memorable 34 off 13 balls,
including four sixes... etc