The man was pulled out of the Pacific surf onto shore at northern Sydney's Long Reef Beach but died at the scene, New South Wales police said in a statement.
Two sections of a surfboard were recovered and taken for examination, police said, adding that they were working with experts to identify the species of shark involved.
The victim was bitten by the ocean predator while surfing in the morning away from a patrolled area of the beach, according to Surf Life Saving NSW.
“For now, please remain clear of the water at beaches in the vicinity and follow the direction of lifeguards and lifesavers,“ Surf Life Saving NSW chief executive Steven Pearce said in a statement.
Surf life saving clubs nearby have cancelled all water activity and training for the weekend.
It was the first fatal shark attack in Sydney since 2022, when 35-year-old British diving instructor Simon Nellist was killed off Little Bay.
Drones were now scanning the beach for shark activity, according to Australian public broadcaster ABC.
An unnamed surfer said the victim had been surfing off the adjoining Long Reef and Dee Why beaches.
People were ordered out of the water, he told the paper.
Australia's last deadly shark attack was in March, when a surfer was taken off the remote Wharton Beach of Western Australia.
There have been more than 1,280 shark incidents around Australia since 1791, of which over 250 resulted in death, according to a database of the predators' encounters with humans - AFP
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