The celebrated actors will be joined by six other jurors on the panel, which will be headed by Oscar-winning actor Russell Crowe.
The jury will give away awards under the aegis of the Australian Academy of Cinema and Television Arts (AACTA) at its annual awards ceremony in Sydney in December.
Other jury members include Chinese director Lu Chuan South Korean writer Kim Ki-Duk, Chinese actor Ye Liu, producer Gary Kurtz, British producer Adam Torel and Australian film critic Margaret Pomeranz, according to The Hollywood Reporter.
"There is strong audience demand for Asian cinema in Australia and an increase in co-productions between Western and Asian filmmakers. We want to continue to make more cultural and film industry connections between filmmakers and audiences..." AACTA CEO Damian Trewhella said.
The inaugural award, which was unveiled at the Shanghai International Film on June 21, will serve as the centre of attraction of the Academy's new Asia International Engagement Program.
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