The 49th Australian Film Institute Awards ceremony, honoring the best in film for 2007, was broadcast from the Melbourne Convention and Exhibition Centre in Melbourne, Australia on the Nine Network. Geoffrey Rush hosted the show, for the second time. He previously presided over the 48th Australian Film Institute Awards.
The nominees were announced on 24 October 2007. Deborra-Lee Furness, Sibylla Budd, Marny Kennedy, and James Hewison made the announcements. Romulus, My Father got the highest nominations with a total of 16 with The Home Song Stories with the second highest amount of 14. Clubland came third with a high amount of nomination tallying up to 11.
The award winners were announced at two ceremonies; one on the 5 December ("industry" categories) and the other on 6 December (top categories), 2007. The Home Song Stories performed exceptionally well, taking out a total 7 of its 14 nominations. The wins included, Best Direction (Tony Ayres), Best Actress in a Lead Role (Joan Chen), Best Screenplay (Tony Ayres), Achievement in Cinematogoraphy (Nigel Bluck), Achievement in Editing (Denise Haratzis), Best Original Score (Antony Partos), Best Achievement in Production Design (Melinda Doring) and the award for Achievement in Costume Design for Cappi Ireland.
Winners of major awards 
This is a breakdown of winners of major awards categories only. For a complete list of nominees and winners, see 49th Australian Film Institute Award nominees and winners.
Feature films 
Special honors 
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Multiple nominations 
Multiple film nominations 
The following films received multiple nominations.