At 10:30 (AEST), the benchmark S&P/ASX 200 index rose 39.70 points, or 0.61 percent, to 6,578.90, while the broader All Ordinaries index rallied 44.20 points, or 0.66 percent, at 6,784.10.
Australian mining giants were leading gains shortly after open, with iron ore extractors BHP and Fortescue recording the largest gains.
Energy companies were also trending firmly higher, as were healthcare and utilities.
Meanwhile the country's banks posted a lackluster start to the day, with mixed results across the sector, which lifted close to 5 percent the week before.
In the financial space, the big banks were mixed with Commonwealth Bank down (0.36 percent), Westpac Bank up (0.50 percent), ANZ down (0.45 percent) and National Australia Bank up (0.04 percent).
Mining stocks surged with Rio Tinto up (1.47 percent), BHP up (3.57 percent), goldminer Newcrest up (1.39 percent) and Fortescue Metals up (5.31 percent).
The country's oil and gas producers soared with Oil Search up (2.83 percent), Santos up (1.86 percent) and Woodside Petroleum up (1.16 percent).
Australia's largest supermarkets edged higher with Coles up (0.06 percent), and Woolworths up (0.13 percent).
Meanwhile telecommunications giant Telstra rallied (0.49 percent), the national carrier Qantas took off (1.71 percent) and biomedical firm CSL jumped (1.42 percent).
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