The Rocket chases the Great Gatsby at the AACTA awards

Baz Luhrmann's The Great Gatsby will go into the 3rd AACTA Awards as the movie to beat, but it faces fierce competition from plucky upstart The Rocket.

Gatsby, based on F. Scott Fitzgerald's novel of the same name, was awarded 14 gongs by the Australian Academy of Cinema and Television Arts, while Kim Mordaunt's crowd pleaser The Rocket collected 12 nominations.

They'll compete in the Best Film category against The Turning (7 noms), Mystery Road (6 noms), Dead Europe (5 noms), and Satellite Boy (2 noms).

The critically derided Adoration managed four nominations.

Though The Great Gatsby defied expectations to gross $348 million worldwide, it's The Rocket that has enjoyed a truly charmed year.

After winning audience prizes at festivals around the globe, it's since been selected as Australia's entry for the Best Foreign Language Film category at the coming Oscars.

Even if it doesn't prevail at the AACTAs next January, it has a good shot at the Academy Awards.

Find the full list of nominees here.

Best Film

Dead Europe

The Great Gatsby

Mystery Road

The Rocket

Satellite Boy

The Turning

Best Direction

Baz Luhrmann The Great Gatsby

Ivan Sen Mystery Road

Kim Mordaunt The Rocket

The Turning Ensemble The Turning

Best Lead Actor

Leonardo DiCaprio The Great Gatsby

Sitthiphon Disamoe The Rocket

Ewen Leslie Dead Europe

Hugo Weaving The Turning

Best Lead Actress

Rose Byrne The Turning

Carey Mulligan The Great Gatsby

Tasma Walton Mystery Road

Naomi Watts Adoration

Best Supporting Actor

Marton Csokas Dead Europe

Joel Edgerton The Great Gatsby

Thep Phongam The Rocket

Angus Sampsoin 100 Bloody Acres

Best Supporting Actress

Elizabeth Debicki The Great Gatsby

Isla Fisher The Great Gatsby

Mirrah Foulkes The Turning

Alice Keohavong The Rocket

Best Original Screenplay

Colin and Cameron Cairnes 100 Bloody Acres

Morgan O'Neill and Tim Duffy Drift

Ivan Sen Mystery Road

Kim Mordaunt The Rocket

Best Adapted Screenplay

Christopher Hampton Adoration

Louise Fox Dead Europe

Baz Luhrmann and Craig Pearce The Great Gatsby

The Turning Ensemble The Turning

Best Cinematography

Geoffrey Hall, Rick Rifici, and Rick Jakovich Drift

Damian E. Wyvill Goddess

Simon Duggan The Great Gatsby

Andrew Commis The Rocket

The winners will be announced at a ceremony on January 28, 2014.

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