The nominees for the 49th Australian Film Institute Awards were announced on 24 October 2007, by Australian actors, Deborra-Lee Furness, Sibylla Budd, Marny Kennedy, and Australian Film Institute President James Hewison in Sydney. The winners were announced on 4 December to 5 December 2008, at a two ceremonies at the Melbourne Convention and Exhibition Centre in Melbourne.
Films that won multiple Australian Film Institute Awards include: The Home Song Stories (7) and Romulus, My Father (4), which were the two films on the night who performed well.
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