| Title | Director | Cast | Genre | Notes |
| Around the World in Eighty Ways | Stephen MacLean | Philip Quast, Allan Penney, Gosia Dobrowolska, Diana Davidson, Kelly Dingwall, Judith Fisher, John Howard, Kaarin Fairfax, Frank Lloyd, Richard Carter | Comedy | IMDb |
| Aussified | Ralph Lawrence Marsden | | Drama | IMDb |
| Australian Dream | Jackie McKimmie | | | IMDb |
| Australian Made: The Movie | | | | |
| The Bit Part | | | | |
| Bullseye | | | | |
| Dangerous Game | Stephen Hopkins | Marcus Graham, Miles Buchanan, Steven Grives, Sandie Lillingston, John Polson | | IMDb |
| Dark Age | | | | |
| Dear Cardholder | | | | |
| Dogs in Space | Richard Lowenstein | Michael Hutchence, Saskia Post, Nique Needles | Drama | IMDb |
| Dot and the Smugglers | | | | |
| Dot Goes to Hollywood | | | | |
| Echoes of Paradise | | | | |
| The Edge of Power | | | | |
| Feathers | John Ruane | | | IMDb, Screened at the 1987 Cannes Film Festival |
| Frenchman's Farm | | | | |
| Gallagher's Travels | | | | |
| The Good Wife | | | | |
| Ground Zero | Bruce Myles, Michael Pattinson | Colin Friels, Jack Thompson, Donald Pleasence, Natalie Bate, Burnum Burnum, Simon Chilvers, Steve Dodd | | Entered into the 38th Berlin International Film Festival |
| High Tide | Gillian Armstrong | Judy Davis | Drama | IMDb |
| Howling III | Philippe Mora | Barry Otto | Comedy / Horror | IMDb |
| Hungry Heart | | | | |
| Initiation | | | | |
| Kangaroo | Tim Burstall | | | Entered into the 15th Moscow International Film Festival |
| Les Patterson Saves the World | George T. Miller | Barry Humphries, Pamela Stephenson, Thaao Penghlis, Andrew Clarke, Henri Szeps, Hugh Keays-Byrne, Garth Meade, Esben Storm, Joy Westmore, Christine Hill, Graham Kennedy, Gabrielle Fitzpatrick | Comedy | IMDb |
| The Lighthorsemen | Simon Wincer | Peter Phelps, Nick Waters, John Larking, Di O'Connor, Shane Briant, Ralph Cotterill, Bill Kerr, Grant Piro | War / Drama | IMDb |
| Nepal: Where the Legends Live | | | | |
| Nice Coloured Girls | | | | |
| The Nights Belong to the Novelist: Elizabeth Jolley, Australian Writer | | | | |
| Olive | | | | |
| Outback Vampires | Colin Eggleston | | Comedy/Horror |
| Palisade | | | | |
| Passionately Single | | | | |
| The Perfectionist | | | | |
| Pieta | | | | |
| The Place at the Coast | | | | |
| Resan | Peter Watkins | | Documentary | IMDb |
| The Right Hand Man | | | | |
| Running from the Guns | | | | |
| Shaka Zulu | | | | |
| Slate Wyn & Me | | | | |
| Spineless | | | | |
| Terror in Sutterville | | | | |
| Those Dear Departed | | | | |
| The Time Guardian | | | | |
| To Market to Market | | | | |
| Travelling North | Carl Schultz | Leo McKern | Comedy / Drama | IMDb |
| Twelfth Night | | | | |
| Vincent | | | Animation | |
| Watch the Shadows Dance | | | | |
| With Love to the Person Next to Me | | | | |
| With Time to Kill | | | | |
| The Year My Voice Broke | John Duigan | Noah Taylor, Ben Mendelsohn | Drama / Romance | IMDb |
