The beast was reportedly seen in the shallows, indicating it had make its way past the beach’s shark nets. Surfing website Aquabumps reported the shark was seen by two surfers.
It said: “Two dudes said they saw a two-metre great white shark swimming in the lineup at South Bondi.”
However, there is some doubt about whether the shark was as large as reported.
Speaking to the Daily Mail a Waverly Council spokesman said lifeguards only spotted a baby shark.
He said: “The alarm was sounded following a sighting.
“However, on inspection, it was a baby shark and did not warrant an evacuation.”
The event took place at 6.20am local time (7.20pm GMT).
It occurred at the southern end of the popular Sydney beach.
No shark attacks took place around Bondi Beach during the time of the sighting.
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He was attacked after jumping off his paddle board according to Queensland Police.
According to Steve O’Connell, a Whitsunday patrol inspector, he went into cardiac arrest after losing a large quantity of blood.
The man died at the Mackay Base hospital after being airlifted for treatment.
In September two people were critically injured in shark attacks in the same area.
A 12-year-old girl was attacked on September 20 by a shark that bit into her leg.
A day earlier Justine Barwick, a tourist from Tasmania, received a dangerous bite on her upper thigh.
Australian authorities killed six sharks following the attacks.
They were caught using baited hooks attached to drum lines.
One of those killed was a 3.7 meter long tiger shark, a species that has carried out a number of attacks on humans.
Great white sharks, tiger sharks and bull sharks were responsible for all but three of the recorded fatal shark attacks between 1982 and 2011.