Luhrmann received the nickname “Baz” from his father, given to him because of his afro hair style, the name coming from the English Basil Brush. While still in high school, Luhrmann changed his name by deed poll to Bazmark, joining his nickname and birth name together. In 1980 Luhrmann graduated high school and in the same year was cast opposite Judy Davis in the Australian film Winter of Our Dreams. In 1982 using the money he had earned from film and television experience he funded his own theatre company, The Bond Theatre Company, with future friends and collaborators Nelly Hooper and Gabrielle Mason. The company performed at the Pavilion at Sydney’s Bondi Beach. At the same time he conceived and appeared in a controversial television documentary, Kids of the Cross, where Luhrmann, embedded as a character, lived with a group of street kids. In 1983, he began an acting course at the National Institute of Dramatic Art. He graduated in 1985 alongside Sonia Todd, Catherine McClements and Justin Monjo. On 26 January 1997, he married Catherine Martin, a production designer; the couple have two children.

Luhrmann has been nominated three times for Golden Globe Awards, winning in 2002 for Best Motion Picture, Comedy or Musical

Luhrmann’s 2008 historical epic Australia featured some of the country’s most celebrated actors, including Nicole Kidman, Hugh Jackman, and David Gulpilil. Situated between the two World Wars, the film blended a nostalgic romance with major events from Australian history, including the Bombing of Darwin, and the true story of the Stolen Generations, wherein thousands of mixed-race Aboriginal children were stolen from their families by the state and forcibly integrated into white society. The movie’s racial politics were controversial for their time, and notably, its production coincided with Prime Minister Kevin Rudd’s 2008 Apology to Australia’s Indigenous peoples. Marcia Langton, professor of Australian indigenous studies at Melbourne University publicly supported the film, saying “Luhrmann depicts with satirical sharpness the racial caste system of that time… In his imagined cinema of the 1940s, the spatial and social shape of racism is reconstructed with such exact detail, I felt I had been transported back to my own childhood.” While achieving modest box office success in the United States, the film was very successful in Europe, maintaining the #1 slot at the box office for many weeks in France, Germany, Spain, Italy and the Scandinavian countries. It is the second-highest grossing Australian film of all time, next to Crocodile Dundee and ahead of Happy Feet.

Luhrmann’s Oscar-winning musical Moulin Rouge! (2001), set in the Montmartre Quarter of Paris at the dawn of the 20th century, told the story of a young English poet/writer, Christian (Ewan McGregor) who falls in love with the star of the Moulin Rouge, cabaret actress and courtesan Satine (Nicole Kidman). The film was praised by its adherents, including famed musical directors Robert Wise and Stanley Donen, as having re-invented the modern musical, blending decades of popular music in remixes and mash-ups. The movie was named one of the AFI’s top ten films of 2001 and in 2010 was chosen as the top film of the 2000s decade in a poll of 150,000 respondents in the United Kingdom. At the 59th Annual Golden Globes, Moulin Rouge! took home the awards for Best Motion Picture, Best Actress, and Best Original Score. The film also gave birth to a successful soundtrack album, produced by Luhrmann, which sold more than seven million copies and went double-platinum, led by the Grammy-winning number one hit single “Lady Marmalade”.

In 2013, Luhrmann adapted F. Scott Fitzgerald’s The Great Gatsby, shot in 3D, starring Leonardo DiCaprio as Jay Gatsby, Tobey Maguire as Nick Carraway, Carey Mulligan as Daisy Buchanan, Joel Edgerton as Tom Buchanan, Australian newcomer Elizabeth Debicki as Jordan Baker, and legendary Indian actor Amitabh Bachchan as Meyer Wolfsheim. For the film, Luhrmann and costume/production designer Catherine Martin collaborated with Prada, Brooks Brothers, and Tiffany & Co. to create period-inspired dresses, suits, and jewelry based on their own archives and true to the book’s own references to luxury brands. The film grossed over $353 million worldwide, making it the director’s highest-grossing movie to date. Critic Richard Roeper described the adaptation as “the best attempt yet to capture the essence of the novel” while Fitzgerald’s granddaughter praised the movie, saying “Scott would have been proud.” The following year, at the 86th Academy Awards, the film won in both of its nominated categories: Best Production Design and Best Costume Design. The soundtrack, produced by Luhrmann, Anton Monsted, and Jay-Z, sought to blend the music of the Jazz Age with contemporary hip-hop as two historical analogues. Featured artists included Beyoncé, Jack White, Lana Del Rey, Sia, will.i.am, The xx, and Florence and the Machine; the soundtrack also included score from the film’s composer and Luhrmann’s repeat collaborator Craig Armstrong. The album’s sales exceeded expectations, marking the biggest digital sales week for a soundtrack in Billboard history, and peaking at number one on the US Billboard 200 chart.

In 2016, Luhrmann collaborated with award-winning playwright Stephen Adly Guirgis on the Netflix series The Get Down about the birth of hip-hop in the 1970s. For the series, Luhrmann brought on Nas, Grandmaster Flash, Kurtis Blow and DJ Kool Herc as producers, to help tell the story of the rise of hip hop, punk, and disco during shifting cultural and political transformation through his unique brand of magical realism. The series featured two parts, praised for its vibrant music, fresh cast and authenticity, due to the involvement of many of the era’s key historical figures in central roles to the show’s development. Part One was certified fresh by Rotten Tomatoes, with a score of 77%, while Part Two of the series holds a critic score of 86%.

Luhrmann is currently in pre-production for a film about Elvis Presley’s relationship with Colonel Tom Parker, set to start filming in February 2020 and due to be released in October 2021. In March 2018, it was announced that Tom Hanks would play Parker and later in July, news broke that Austin Butler had been cast as the famed singer after a series of screen tests, as well as music and performance workshops.