Cate Blanchett

Lisa Maree Williams/Getty Images

The last time Cate Blanchett wore Givenchy on a red carpet (at the 2014 SAG Awards), we were exactly dazzled. This time, we are in awe.

The Blue Jasmine star popped up at the AACTA Awards in Sydney, Australia in a sequined dress by the French brand. But it wasn't just the glittery fabric that caught our eye, it was also the plunging neckline, which reached the star's belly button.

The 44-year-old pulled off the cleavage-baring top effortlessly—thanks to some well-placed double-sided tape, we're guessing. Yet another red carpet example which further proves that 40 is indeed the new 20, at least in Hollywood. 

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You may also recall, Gwyneth Paltrow 41, has been wearing the deep-cut style a lot recently. In fact, on Tuesday she went with similar look by David Koma at the Stand Up to Cancer event in L.A.

But back to Cate, this most recent look has totally reinvigorated our excitement for her Oscar look. What do you think she'll wear on the big night?

PHOTOS: Cate Blanchett's best red carpet looks

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