Cate Blanchett leads an elegant black and white pack as Sam Frost exposes her bra and Kirby Burgess goes commando: The best and worst of fashion at the Australian film industry's night of nights 

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Elegant, sophisticated, graceful and refined - the words every personal stylist to the stars would have heard in the lead up to the prestigious AACTA Awards.  

Those who styled the likes of Megan Gale, Cate Blanchett, Teresa Palmer, Emma Booth and Pia Miller managed to hit the nail on the head, while others - namely Kirby Burgess, Emma Lung and the Bachelorette Sam Frost - appeared to fall flat as they sauntered down the red carpet.

Kirby Burgess wore an incredibly risque gown to the event, turning heads in the shocking pink frock that put the musical theatre actress at high risk of a wardrobe malfunction. 

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Commando role! Kirby Burgess attended the AACTA Awards in Sydney in a shocking pink lace-up dress 

Her Liz Hurley moment: The head-turning design ensured everybody knew the actress was going commando

The former Dirty Dancing the Musical star ensured everyone knew she was going commando in the lace-up dress that featured a diagonal slash across her torso and down her thigh.

The scantily-clad actress paired the eye-popping look with mismatched black strappy heels and clutch bag.

Ms Burgess attended with her fiance, Wonderland actor Ben Mingay, and posed up a storm on the red carpet, working her gown from all angles for the cameras. 

While Ms Burgess turned heads for all the wrong reasons, Megan Gale stopped traffic in her sensational beaded Paolo Sebastian gown with a low scooped back and plunging neckline from his Snow Maiden 2016 Autumn/Winter collection.

Simply stunning: Model Megan Gale looked sensational in a beaded gown with a scooped neckline by Australian couturier Paolo Sebastian

Style setters: Teresa Palmer wore a sheer gown by Camilla and Marc (left), while Emma Booth wore a cheeky revealing gown by Steven Khalil (right)

Classic black: Anna Bamford looked fabulous in a chic Carla Zampatti frock (left), Cate Blanchett was as stylish as ever in understated Armani (centre), while Emma Freedman wore a strapless Rachel Gilbert (right)

Cropped and flared: Home and Away star Pia Miller looked sensation in a white plunging gown by couture designer Leah Da Gloria

Home and Away actress Pia Miller turned heads in a white gown with flouncy cropped sleeves and a deep plunging neckline by Australian couture designer Leah Da Gloria, while Sophie Lowe wore an all black ensemble with a split front and cropped sleeves by Ellery.

Cate Blanchett, who received the Longford Lyell Award, one of the Australian industry's highest honours, went understated in her favourite designer, Giorgio Armani, accesorising simply with gold drop earrings and a gold cuff.

Also keeping things simple and chic in classic black were Anna Bamford in a striking Carla Zampatti dress and Emma Freedman in a strapless Rachel Gilbert number. 

Best in drama: Marta Dusselldorp looked lovely in pastel pink Escada with dramatic sleeves (left), while Kassandra Clementi wore a similar shape (right) at the AACTA Awards in Sydney on Wednesday

Ladies in red:Yasmin Horner wore a backless figure-hugging dress (left), while Abbey Earl dazzled in a revealing sheath by Michael Lo Sordo (right)

Belle of the ball: Melina Vidler wore a beautiful full skirt gown with extreme cleavage by George Elsissa

Wing it: Kerri-Anne Kennerley rocked it in her Carla Zampatti dress which showed off her enviable arms, and a bun and shaggy fringe hair style that appeared to be inspired by Kendall Jenner

Emma Booth looked sensational in sheer white Steven Khalil, while Teresa Palmer also showed a hint of skin in her black Camilla and Marc. 

Melina Vidler channelled her inner princess in a beautiful full skirt gown with extreme cleavage by George Elsissa, while Abbey Earl wore a daring red gown by Michael Lo Sordo.

TV queen Kerri-Anne Kennerley led the way in her on-trend white gown by Carla Zampatti, and a hairstyle clearly inspired by Kendall Jenner's AMA 'do, with a pixie top knot and feathered, shaggy fringe.  

Wonderland co-star Emma Lung erred on the side of under-dressed in her leather mini dress and knee-high boots for the formal occasion, which saw other stars arrive dressed to the Nines in couture.

While it should be noted the actress did win points for her Sixties-inspired bouffant hairstyle and orange pop lipstick.

The Bachelorette star Sam Frost took another fashion risk following her divisive Nicola Finetti ensemble at the ARIA Awards.

The reality starlet chose the same designer for Wednesday's event, showing off a whole lot of skin and underwear in a sheer lace dress with a full floral skirt.  

Sam Frost put her bra on full display in a sheer lace dress with floral skirt by Nicola Finetti

Purple train: Georgie Parker's voluminous plum gown dwarfed her frame (left), Emma Lung was a little under-dressed in her leather mini dress and boots (right)

She wore the same heels she was spotted in at the ARIA Awards, and scraped her hair back in a chic bun. 

Ksenija Lukic wore a design by Bianca Spender, but the colour appeared to clash with the E! presenter's golden tan. While her skirt looked as though it had lost an argument with a shredder.

Georgie Parker's voluminous plum gown didn't quite hit the mark, with the yards of fabric dwarfing her small frame. 

Emma Hamilton donned a sapphire gown, which she coupled with a stiff up do, unfortunately it looked more suited to a high school formal as opposed to a glamorous and exclusive red carpet event. 

Ksenija Lukic(left) wore a design by Bianca Spender that looked like it had been sent through the shredder, while Actress Emma Hamilton's blue gown was more high school formal than red carpet

The ceremony was hosted by screen veteran Rachel Griffiths and up-and-comer Teresa Palmer, recognised this year's best local films following a record-breaking year for Australian cinema at the domestic box office.

George Miller's action epic Mad Max: Fury Road faced competition from The Dressmaker, Holding The Man, Last Cab to Darwin and Paper Planes. 

Blanchett received the Longford Lyell Award - one of the Australian industry's highest honours - for outstanding contribution to Australian screen.