Bruce Rowland composed the music for the film, and also conducted the orchestra during the recording of the album. The sound engineer for the recording was Roger Savage.
Also, both the "Main Title" and "Jessica's Theme", from the film's soundtrack were reprised as part of the cast album soundtrack of the 2002 musical The Man from Snowy River: Arena Spectacular.
A pastiche of the "Main Title" appeared in the post-credits scene of Napoleon Dynamite.
Australian soundtrack
Track listing
"Main Title"
"Clancy's Theme"
"Henry Dies / Farewell To Frew"
"Harrison's Homestead / Jim Gets His Horse"
"Mountain Theme"
"The Brumbies"
"Jessica's Sonata"
"Tom Fool's Knot"
"Searching for Jessica"
"Jessica's Theme" — (Breaking in the Colt)
"The Chase"
"Rosemary Recalls"
"Jim's Ride"
"Jim Brings in the Brumbies"
"Closing Titles"
United States soundtrack
Track listing
The American album of the film soundtrack has the track listing in a different order to the Australian track listing, and is missing Tom Fool's Knot.
The American track listing of the soundtrack is as follows: