Baz Luhrmann's The Great Gatsby, based on F Scott Fitzgerald's classic, leads the nominees for the third annual Australian Academy of Cinema and Television Arts (AACTA) honors, scoring a total of 14 nominations in almost all categories, including best film and best director.

The film stars Leonardo DiCaprio and Carey Mulligan who have both picked up best acting nominations, while Joel Edgerton, Elizabeth Debicki and Isla Fisher are nominated in the supporting actor and actress categories.

Other best film nominees include Satellite Boy from Catriona McKenzie, which premiered at the Berlin Film Festival this year; Ivan Sen's Outback crime drama Mystery Road, and Tony Krawitz' Greece-set drama Dead Europe.

The 3rd AACTA Awards will be held on 20 January in Sydney.