The most common phrase in the Australianvocabulary. May be used adequately in situations ranging from benign endings to conversations to matters of earth shattering importance.
1. "See ya later mate" - "No worries"
2. "Bob, your girlfreind is about to have the baby of a mutated albino dwarf conceived in Antartica while identifying the mating habits of plankton of varying sizes" ..... "No worries"
3. "Dave just cut his thumb off using the oxy" - "No worries - is he still coming up the pub later?"
Expression meaning you've completely inconvienced me and I'm hurt, but out of respect for you I'm going to keep the peace. Often followed by "mate" to indicate you not only want to keep the peace but also want to remain friends.