Description: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 ultra-sexy 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. (1:19)