The Kristen Stewart film landed at the top of the chart with takings of $6.2 million, outmuscling Pixar's fellow new release, which grossed $2.5m.
After two weeks at the summit, Sir Ridley Scott's Prometheus is down to three, while That's My Boy, Rock of Ages, Men in Black 3, What to Expect When You're Expecting and The Avengers all slip two places from last week's tally.
A Royal Affair starring Mads Mikkelsen and Alicia Vikander is the only other new entry, debuting at nine with $165,000, just ahead of Michelle Williams's Take This Waltz at ten.
The Australian box office top ten for the weekend of June 21 to June 24 in full (All takings shown in Australian dollars):
1. (-) Snow White and the Huntsman - $6,194,694
2. (-) Brave - $2,509,608
3. (1) Prometheus - $1,524,061
4. (2) That's My Boy - $853,934
5. (3) Rock of Ages - $746,547
6. (4) Men in Black 3 - $589,422
7. (5) What to Expect When You're Expecting - $425,053
8. (6) The Avengers - $307,314
9. (-) A Royal Affair - $164,531
10. (9) Take This Waltz - $97,692
Watch Snow White and the Huntsman stars Ray Winstone, Brian Gleeson, Johnny Harris, Nick Frost and Lily Cole talk to Digital Spy below:
Photo gallery - Snow White and the Huntsman: