The Repsol Honda man has already sewed up his second successive MotoGP title in as many attempts after finishing second at the Japan GP in Motegi earlier this month.
But he is poised to further celebrate his success, after securing front spot on the grid in Australia with a best lap of one minute 28.408 seconds on the island.
Also on the front row are Ducati's Cal Crutchlow (1:28.642secs) and Movistar Yamaha's Jorge Lorenzo (1:28.650secs).
It is the first time Briton Crutchlow has made it onto the front row of the grid in 2014, and comes after team-mate Andrea Dovizioso secured pole for Ducati in Motegi.
On the second row are Monster Yamaha Tech 3's Bradley Smith (1:28.656secs), Repsol Honda's Dani Pedrosa (1:28.675secs) and NGM Forward Racing's Aleix Espargaro (1:28.866secs).
Earlier, Spaniard Lorenzo topped the timesheets in practice session three with a best lap of 1:29.157secs, while Pramac Racing's Andrea Iannone topped fourth practice with 1:29.381secs.
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