"The five minute production should explore, educate and entertain, while centring around piracy and its effects on the film industry," the competition website reads.
First prize is $A10,000 (NZ$10,647) cash, film equipment and the possibility of having your film played before movies in Village cinemas.
With submissions open until the end of November, some of the entries have already been posted on Vimeo for the world to see.
And this is where things become laughable.
If you thought the "you wouldn't steal a car" anti-piracy campaign was a joke, you haven't seen anything yet.
Most of the entries in the competition are using scare tactics to get the message across, with one video suggesting a man with a mask will murder you if you download movies illegally - yes, you read that correctly.
Then there is a Blair Witch-esque short film, which ends with the "film industry" hanging by a noose in a dark forest.
Oh and then there is the very cliche entry of using actual pirates to explore piracy.
While these are only some of the early entries and more effective ones may be released, it's a little hard to believe the competition will have an impact on those illegally downloading content.