Only one Australian feature film has so far made it into official selection for the 69th Venice International Film Festival.

Disaster-shark film Bait 3D, directed by Kimble Rendall, will screen out of competition at the prestigious film festival, it was announced overnight.

The film sees a group of shoppers trapped in an underground supermarket after a tsunami strikes the coast which has sent a school of sharks into the building.

The film, produced by Arclight Films, was shot on the Gold Coast at Village Roadshow Studios in 2010. It stars Xavier Samuel, Julian McMahon, Sharni Vinson and Dan Wylie. It will be distributed in the US by Anchor Bay Films.

The Out of Competition section is billed as ‘important works by directors already established in previous editions of the festival.’