Bond ripped through the Australian line-up on Friday to finish with five for 23 as Australia failed by three balls to bat out their 50 overs in the first game of the Chappell-Hadlee Trophy series, a key warm-up for next month's World Cup.
New Zealand captain Stephen Fleming's decision to make Australia bat first in overcast conditions paid off as they were two for 16 in the fourth over, and midway through the innings they had limped to three for 57.
With the reigning world champions missing a host of frontline players -- Ricky Ponting and Adam Gilchrist were rested, and Andrew Symonds and Michael Clarke are injured -- Bond tore into the makeshift line-up.
After his first spell of six overs he had two for seven, with Phil Jacques spooning a slower ball to Daniel Vettori and Brad Haddin bowled by a ball which pitched outside the off stump and cut back sharply.
When he came back for his second spell, Bond pulled off a magnificent caught-and-bowled which left batsman Cameron White staring in disbelief.
White blasted a slower ball straight down the wicket only to see Bond lean to his right on his follow-through and snatch up the ball one-handed just above the ground.
Bond then cleaned up Nathan Bracken and Brad Hogg at the tail and added to his purple patch by catching Shane Watson at long-off after the Australian had skied spinner Daniel Vettori.
Vettori also dismissed Brad Hodge to finish with two for 26, while Mark Gillespie (2-27) and Craig McMillan (1-3) were the other successful bowlers.
McMillan dismissed Australia's stand-in captain Michael Hussey who top-scored with 42 off 96 balls -- illustrating the difficulty the batsmen had scoring freely.
Australia need to win the three-match series if they are to defend their world number one ranking from South Africa.
In addition to their batting woes, their task has been made harder by the loss of bowling spearhead Brett Lee who has returned home after injuring an ankle in training.