Also shooting cards of 70 each were Shiv Kapur, slowly finding his form back, and Chiragh Kumar.
They were all five shots behind leaders, local Perth man, Brett Rumford and Mark Foster.
Meanwhile, another Indian SSP Chawrasia, whose form has slipped since winning two titles last year, showed great recovery over last 10 holes and from three-over through eight, he finished at one-under and sighed with relief.
"I'm pretty happy with my round as I've been working quite hard especially with my mental coach who has helped me a lot. I tried to do what he told me to do on the golf course today and I finished well with birdies in my closing two holes for a two-under, which is good. I'm comfortable on this golf course and I love how it plays," Jeev later said.
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It is a historic gold event with the introduction of a novel format which sees the top 24 players after 54 holes making it through to a six-hole match play format this week.
Australia's Brett Rumford, who hails from Perth, and England's Mark Foster made their early moves when they fired matching six-under-par 66s to grab the first round lead.
The 37-year-old five time winner on European Tour, Rumford, who suffered an injury in 2015, has been slowly making his way back through 2016 and showed fine form with three-under 33 on each side of the Lake Karrinyup Country Club.
Johannes Veerman of the United States, who has been playing on Asian Development Tour, carded 67 to be among the 10 players that also included Japan's Hideto Tanihara and compatriot Casey O'Toole bunched in third place.