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Two of our favorite Aussies, Cate Blanchett and Nicole Kidman, stepped out in style for the AACTA Awards. While Cate channeled her inner glamazon and went ultrasexy in a floor-length red sequined gown by Armani Privé, Nicole took the ladylike route in a soft, yellow Erdem strapless. For all the details on these red-carpet styles, watch today's Fashion Flash. On Allison McNamara: Vena Cava dress, Stella & Bow jewelry. Hair and makeup by Kasia Bohos.

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