According to a report from Australia's 9 News, the 47-year-old actor helped his son escape the intense rip tide, then waved down others in the water -- including his 10-year-old daughter, Ava -- signaling them to make their way to shore.
The local news station obtained footage of Jackman in action, where he can be seen grabbing onto the arm of a man who was later identified as Peter Adam.
"I was assisting [Jackman] to get his daughter up to the sandbar," Adam explained. "He then grabbed my hand to [help] get us [both] up."
JUST IN: #9News has obtained EXCLUSIVE vision of actor Hugh Jackman rescuing his son and another man from the surf at Bondi beach.Details: http://www.9news.com.au/entertainment/2016/03/26/18/47/hugh-jackman-rescues-son-and-others-from-rip-at-bondi
Following the rescue, Bondi Beach was said to be shut down due to the harsh conditions, and Jackman was reportedly too "shaken up" to speak to media on location following the drama. ET has reached out to Jackman for comment.
The actor was previously traveling to promote his latest film, Eddie the Eagle, and had returned to his native Australia just one day earlier.
In less scary news, Jackman and his wife, Deborra-Lee Furness, are celebrating 20 years of marriage next month. In an interview with Ellen DeGeneres, Jackman revealed that after all this time, their relationship just keeps getting "better and better." Hear more in the video below.