Ponting finished well clear in the voting for his first Border Medal in the award's five-year history, polling 139 votes with opening batsman Matthew Hayden second on 91 and wicketkeeper Adam Gilchrist third on 71.
Ponting also took out his second-successive Test player of the year award.
But Gilchrist denied Ponting the third leg of the sweep when he won the international One-day player of the year category announced at a gala dinner Melbourne.
Gilchrist led the One-day voting for the second-straight year with 28 votes, four ahead of Ponting and Brett Lee.
The 29-year-old Tasmanian run machine topped the Test voting with 13, three clear of Hayden.
Ponting played in 11 of Australia's 12 Tests for the voting period, starting with the West Indies tour last April.
He scored 1,557 runs at an average of 103.8, with a top score of 257.
Last year he became the first Test batsman since Sir Donald Bradman to score three double centuries in a calendar year.
Ponting was the only Australian to play in all 37 One-dayers for the voting period, starting with last year's World Cup, and posted the second-highest run tally with 1,317 at 43.90 and a strike rate of 81.64.
Gilchrist led the Australian One-day run aggregate with 1,463 runs in 33 games at a strike rate of 105.63 and an average of 45.71. He scored two centuries, with a highest score of 172.
Former Test players Alan Davidson and Hugh Trumble were officially inducted into the Australian Cricket Hall of Fame.
The Australian team leave on Friday for a One-day series in Sri Lanka.