The academy's aim is "to identify, award, promote, and celebrate Australia's greatest achievements in film and television".

[3] The Australian Academy of Cinema and Television Arts (AACTA), is a not for profit, membership based, organisation whose aim is "to identify, award, promote and celebrate Australia's greatest achievements in film and television.

[8] The voting system would change through the establishment of an "Honorary Council", which will govern fifteen chapters composed of professionals from industry guilds and organisations including actors, directors, producers and screenwriters.

"[11] By 20 July, weeks after the consultation period ended, the AFI announced that it would go ahead with the proposed changes and the Australian Academy.

On the night a new gold statuette was revealed, created by Australian sculptor Ron Gomboc, which depicts "a human silhouette based on the shape of the Southern Cross constellation.

The role of the Honorary Council is to determine policies and strategies for the way the academy rewards practitioners.