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Goals from Gianluca Lapadula and Yoshimar Yotun were enough to lock in fifth for Peru, which only needed a win to stave off a potentially dramatic final day challenge from Colombia or Chile.
The win sets up the tantalising prospect of a clash against 2018 FIFA World Cup group stage rivals the Socceroos whose disappointing campaign ended with a 1-0 loss to Saudi Arabia.
First, Graham Arnold's men must overcome UAE in a one-off play-off in May.