Champions Trophy 2017: Australia v New Zealand match abandoned due to rain - ABC News (Australian Broadcasting Corporation)

Steve Smith admits Australia dodged a bullet after rain washed out its Champions Trophy opener against New Zealand at Edgbaston in Birmingham.

Set a revised target of 235 off 33 overs after dismissing the Black Caps for 291, Australia was struggling at 3-53 when rain fell again in the ninth over — with 20 overs required to be completed for a result.

Subsequently, both sides picked up a point, and Smith's men now have to beat Bangladesh at The Oval on Monday to have any genuine chance of progressing to the semi-finals.

Josh Hazlewood was the pick of the Australian bowlers, finishing with 6-52, but Smith was unhappy with what was sent down for the first 40 overs, as Kane Williamson scored a fine century before his run out for 100 sparked a stunning late collapse.

Sitting pretty at 3-254 when Williamson departed, New Zealand lost its final seven wickets for 37 runs in less than six overs as Hazlewood ripped through the tail.

But the Australia skipper was furious at the performance of his bowlers, as the returning Mitchell Starc (0-52) and Pat Cummins (1-67) in particular, struggled with the line and length albeit on a perfect batting wicket.

"I thought it was probably one of the worst bowling displays that we've put on for a very long time," Smith said.

"We bowled both sides of wicket. We gave them a lot of freebies. And it was pretty ordinary, to be honest with you."

The redoubtable John Hastings did retain some control in the middle overs for his side, alongside the off spin of Travis Head and the experienced Victorian seamer ended the dangerous innings of Luke Ronchi for 65 off 43 balls.

Starc has not played since the second Test against India in March, and Smith is confident his leading bowler can rediscover some form against Bangladesh.

"Let's hope it's rust and let's hope it's gone. Because that was pretty ordinary," Smith said.

"Credit to them, they came out quite hard and played quite well up top and got their innings going.

"Kane timed his innings beautifully, played really well throughout the middle but we did not bowl well at all."

Australia's top order did not look comfortable against New Zealand's disciplined seam attack with David Warner (18) the first to depart after his huge heave went straight through to Ronchi behind the stumps.

Aaron Finch (8) then followed him back to the pavilion after picking out Ross Taylor from an Adam Milne delivery.

Milne struck again when he caught Henriques for an unconvincing 18 from his own bowling with Smith left unbeaten on 8.

"We obviously still had some batters in the shed that can certainly play when you need to be chasing a total like that," Smith said.

"But probably we'd certainly would have preferred to be in New Zealand's position when we came off the end there. So we perhaps got away with one."