Australia scored 83/1 in 16 overs and required minimum of four more overs of the match to be bowled and get full two points as 20 overs were needed to constitute a completed match.
It is the second successive Australia match to fall victim to the weather after their tournament opener against New Zealand was washed out at Edgbaston last Friday.
"We got a bit lucky and the Australians were a bit unfortunate". "We have to beat England and I think then we're through", the skipper said.
Australia's David Warner (L) runs during the ICC Champions Trophy match between Australia and Bangladesh at The Oval in London on Monday.
Australia will be cursing their luck as they were also frustrated by bad weather when their opening group fixture against New Zealand was abandoned, although on that occasion they were in a less commanding position.
Starc was the pick of the Australian attack after taking four for 29 before Warner passed 4,000 one-day worldwide runs in his 93rd innings, the fastest Australian to do so.
Batsman Travis Head is now above Maxwell in the spinning pecking order and although the 28-year-old wants to bowl, he has not taken the issue up with Smith, nor is he demanding the ball in the field.
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After the rain began to pour, Australia briefly had hope when the covers were taken off and the umpires announced play would start at 1930 GMT. But the umpires are there to make a decision.
Earlier, fast bowler Mitchell Starc clinched a four-wicket haul as Australia restricted Bangladesh to 182 runs.
Their frustration at the Oval was perhaps amplified given they appeared just four more overs away from securing an all-important two points. The New Zealand game was my first game in three months. Yet, Bangladesh could still miss out on the semi-finals on three points, having suffered a hit to their run rate in defeat to England last week.
- If New Zealand win and Australia lose to England, New Zealand will qualify for the semi-final.
The "no result" benefited Bangladesh as a loss today would have knocked them out of the tournament.
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With Australia teetering on the brink of elimination, Starc is not only looking to help his side triumph in their final group stage match, but also send a message to England ahead of the highly-anticipated Ashes series in November. "This time we have a chance". New Zealand will top the group if they prevail.
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