I've seen both versions and in my opinion this Australian remake of the Icelandic original is superior. Though 20 minutes longer, it successfully wall - papers over the main points of criticism of the original. There's more humour, an explanation offered for the brothers' enmity (a valid criticism of the original) and a far more satisfactory ending, with much less ambiguity.
The Great Southern Region of Western Australia proves an excellent substitute for the admittedly stunning Icelandic rural locations and Sam Neill contributes a superlative, warmly amusing turn, as the pastoralist brother who just can't quite let go. It really is the stand-out performance of both films. Ewe shouldn't miss it.