Melbourne now has the Australian Fashion Festival, while Sydney has Australian Fashion Week. (Bianca De Marchi/AAP PHOTOS)Melbourne now has the Australian Fashion Festival, while Sydney has Australian Fashion Week. Melbourne Fashion Festival has been re-named the Australian Fashion Festival, its organisers announced on Thursday. Alongside the announcement on Thursday, there was a statement of intent from Australian Fashion Festival chair Launa Inman. Industry peak body the Australian Fashion Council took over running Fashion Week as a not-for-profit in 2024.