The political thriller earned receipts of just under AU$2 million across 351 screens.
Argo is one of four high-profile new entries in this week's chart. Karl Urban's Dredd opens in fourth place, while French comedy-drama The Intouchables enters the charts in fifth place.
Meanwhile, Tim Burton's new stop-motion animation Frankenweenie opens in seventh place.
The box office top ten for the weekend of October 25 to 28 (all figures in Australian dollars):
1. (-) Argo - $1,954,961
2. (1) Paranormal Activity 4 - $1,561,791
3. (2) Taken 2 - $1,032,589
4. (-) Dredd - $809,104
5. (-) The Intouchables - $679,214
6. (3) Savages - $629,831
7. (-) Frankenweenie - $581,500
8. (4) Looper - $504,641
9. (6) To Rome With Love - $288,866
10. (9) Hotel Transylvania - $222,935
Photo gallery - 'Argo' BFI London Film Festival premiere:
John Goodman, Ben Affleck and Bryan Cranston at the screening of Argo as part of the BFI London Film Festival 2012
1 of 10
Copyright: PA Images Ian West/PA Wire
