In the late Sixties, Bob Dylan's touring band moved to Woodstock, New York, where they rented a large pink house to write songs and rehearse new material. Ultimately forming the Band, the group's early sessions initiated their aptly titled debut, Music From Big Pink, and went on to inspire future generations of musicians -- including, somewhat surprisingly, Australian rockers Jet.

"We've always been really into the Band," frontman Nic Cester says during a studio break in...