Oscars 2020 LIVE: Red carpet, how to watch, winners, nominations, live stream, fashion, start time, Australian time, Australian TV, Margot Robbie - The Sydney Morning Herald

Can Parasite make Oscars history by defeating war drama 1917 for best picture? And will it be a golden night for Margot Robbie? Join us for all the action from the 92nd Academy Awards.

Pink fits

The pink parade has begun, with Regina King, Idina Menzel and Julia Butters, the breakout child star from Once Upon A Time ... in Hollywood all going for various shades of age-appropriate pink.

Once Upon a Time ... in Hollywood actress Julia Butters arrives at the Oscars.Credit:AP

Tom Hanks' Oscar highlights

Tom Hanks is a veteran of Hollywood's awards season, winning consecutive best actor Oscars in 1994 and 1995 for Philadelphia and Forrest Gump.

He could add a third to the trophy cabinet today, having been nominated for best supporting actor for his performance as television icon Fred Rogers in A Beautiful Day in the Neighbourhood That award is widely tipped to go to Brad Pitt for Once Upon a Time ... in Hollywood.

But before Hanks finds out his fate, his wife, Rita Wilson, has posted this flashback to the Oscar moments they've shared over the years.

Freakiest foot forward

By Michael Harry

Norwegian singer-songwriter Aurora is the kookiest early look of the eve: part samurai snowflake, part massive mistake. There's a LOT going on here. Is it cultural appropriation, or just ugly?

It's been said that the first to arrive on the red carpet is the least likely to have a reason to be there ... but Aurora will performing Into The Unknown from Frozen II with Idina Menzel at some point later on. The film was largely snubbed by the Academy, and it's not picking up any extra points with this look.

Norwegian singer-songwriter Aurora arrives at the Academy Awards.Credit:AP

Who will win?

From the moment Joker debuted at the Venice Film Festival in September, the race for the Oscars was on, according to SMH and Age film writer Stephanie Bunbury.

Martin Scorsese's The Irishman looked briefly like a front-runner until December, when Sam Mendes' 1917 came out.

Bunbury predicts the World War I drama, which appears to be entirely composed of a single shot following one actor, will triumph today. The only challenge, she says, comes from Bong Joon-ho’s Parasite, which could conceivably break the chains of best foreign film category and scoop Mendes at the last post.

For the lead acting awards, Bunbury her money on Joaquin Phoenix for Joker and Renee Zellweger for Judy. Unfortunately for Australians, she is also tipping Laura Dern (Marriage Story) to beat Margot Robbie for best supporting actress. You can check out all of our Oscar predictions here.

Early doors

By Michael Harry

The Oscars define the rule of being fashionably late, with the biggest stars of the night usually rolling in just moments before the ceremony begins. The lads from much-feted flick 1917, George MacKay and Dean-Charles Chapman, are ready for a big night, one of the first on deck wearing classic tuxes. Points to Chapman for the remembrance poppy.

George MacKay, left, and Dean-Charles Chapman from 1917 arrive at the Oscars.Credit:AP

And so it begins

By Michael Harry

What better way to spend your Monday morning at work than scrolling through the best and worst of the world's entertainment industry in their finest frocks?

And the first star to hit the red carpet for the 2020 Oscars is none other than Billy Porter, who has made extra entrances his full time job of late. Love the top, hate the bottom.

Welcome to the Oscars

Good morning and welcome to our live coverage of the 92nd Academy Awards.

Will it be 1917 or Once Upon a Time ... in Hollywood for best picture, or can the blackly comic Korean drama Parasite pull off a surprise victory?

Bringing you the action from the red carpet is Executive Style editor Michael Harry. Entertainment expert Karl Quinn will join our blog when the ceremony begins. Michael Idato is at the Dolby Theatre in Los Angeles, while Garry Maddox will also share his insights as the ceremony rolls on.

There's just one Australian hope this year: Margot Robbie is up for best supporting actress for her role as fledgling Fox producer Kayla Pospisil in Bombshell. Will it be her night?

We'll bring you every frock, twist and turn over the next few hours. So sit back and join in the fun.