The Australian actress will be feted for her contribution to the film industry with the coveted Longford Lyell Award, the country's highest acting honour, which is named after the late actress/filmmaker of the same name.

The trophy will be presented at the Australian Academy of Cinema and Television Arts (AACTA) Awards ceremony in Sydney on 9 December (15).

"Cate Blanchett will be celebrated for generations to come as one of the finest performers of our times," declares AACTA President, Geoffrey Rush. "I along with so many others have tracked her bright star rising. Today it is a pleasure to see Cate honoured as one of our best, alongside so many of Australia's great men and women of screen. I couldn't be more proud of, or more pleased for, this exceptional woman and performer."

Cate adds, "When I look at the outstanding men and women who have received this prestigious award before me, I am truly honoured to be considered among venerable practitioners and performers; creative spirits who have had a strong and lasting influence, not only on my work, but on what I thought creatively possible in this country."

Actors Richard Roxburgh and Hugo Weaving will present the award to Cate during the star-studded ceremony, and the presentation will also feature tributes from Hollywood veterans including Martin Scorsese, Robert Redford and Ridley Scott.