Watts' role in Mother and Child has landed her a place on the shortlist for the International Award For Best Actress along with Toni Collette, Edge of Darkness' Bojana Novakovic and Alice In Wonderland's Mia Wasikowska.
Other stars nominated for prizes at the upcoming ceremony include Clive Owen, who is up for the AFI Award For Best Lead Actor for his role in The Boys Are Back, alongside contenders Ben Mendelsohn, James Frecheville and Brendan Cowell.
The ceremony is due to take place on 10 and 11 December in Melbourne, Australia.
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