Baz Luhrmann Shares a Scene from “Faraway Downs ”with Nicole Kidman and Hugh Jackman“ ”(Exclusive)

"We were actually surprised, when we looked back at the original film, that it wasn’t in the final version," Luhrmann says of the never-before-seen footage

Faraway Downs is almost here!

PEOPLE has an exclusive look at a scene from Hulu's upcoming six-part film from Baz Luhrmann, which is an extended cut of his 2008 epic Australia starring Nicole Kidman and Hugh Jackman.

"With room to breathe, we were able to world build and develop character in a different way such as restructuring the scene when Lady Ashley, played note perfect by Nicole Kidman, arrives to Faraway Downs," Luhrmann, 61, tells PEOPLE.

The director describes the never-before-seen clip as a "Katherine Hepburn/Spencer Tracy scene" between Kidman, 56, and Jackman, 55, in which "it’s decided whether Lady Ashley (Kidman) stays overnight or whether she goes straight back."

"This scene wasn’t in the film, and we were actually surprised, when we looked back at the original film, that it wasn’t in the final version," he adds. "The way this plot point is dealt with in Australia is significantly different. There was a lot of actual character space that had to be, by the nature of the film, compressed out."

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Related: Hugh Jackman and Nicole Kidman Lead Epic Trailer for Baz Luhrmann's Miniseries Faraway Downs

Faraway Downs was originally released as Australia, which received an Academy Award nomination for Best Costume Design at the 81st Oscars. Luhrmann initially announced he would rework the movie into a six-chapter version, complete with a new ending, back in June 2022.

"When we shot the film Australia, we ended up with more than 2 million feet of film so the concept of epic, episodic storytelling felt invigorating to me," he tells PEOPLE now.

And, he insists, those behind the new project "didn’t approach Faraway Downs with the notion of replacing" the film Australia — instead, they treated it "as a way for the creative team to re-approach the story and look at it like a composer might look at variations upon past compositions or another composer's work."

"Though I wouldn’t say Faraway Downs is better than Australia, I would say it is much more rich, allowing us to lean into the primary theme that is embodied in the young Indigenous boy’s retelling of the story, in a way that only chaptered storytelling allows," Luhrmann adds.

The trailer for Faraway Downs, released last month, meets Kidman's Lady Sarah Ashley as she arrives in Australia some time after her husband's death to take over his property, called Faraway Downs. Once there, she meets a cattle rancher, played by Jackman, and an indigenous child named Nullah (Brandon Walters), who teaches her to love the countryside.

Related: Baz Luhrmann to Turn His 2008 Nicole Kidman Movie 'Australia' into 6-Part Director's Cut on Hulu

Trouble meets Lady Ashley, Drover (Jackman) and Nullah when the police arrive, intending to arrest the child. Lady Ashley dismisses the law enforcement officers and resolves to save the cattle ranch with Drover and Nullah's help — all amidst the backdrop of Australia's involvement in the Pacific theater of World War II.

An official synopsis for the project reads that Lady Ashley, an English aristocrat, "travels halfway across the world to confront her wayward husband and sell an unusual asset: a million-acre cattle ranch in the Australian Outback called ‘Faraway Downs.' "

"Following the death of her husband, a ruthless Australian cattle baron, King Carney (Bryan Brown), plots to take her land and she reluctantly joins forces with a rough-hewn cattle drover (Jackman) to protect her ranch," the synopsis reads.

The film promises a love affair between Kidman and Jackman's characters, as well as "the unavoidable impact of World War II on Northern Australia" over a period of four years, per the synopsis.

Faraway Downs begins streaming on Hulu Nov. 26.

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