Albanese said his government plans to create a special honors system recognizing the heroism of those who confronted what he called "the worst of evil" during the Dec. 14 attack, including Ahmed al Ahmed, a Syria-born Australian Muslim store owner captured on video tackling and disarming one of the gunmen before being wounded.
The award would recognize those nominated for bravery or meritorious awards under the existing Australian Honors and Awards system for their actions during and after the attack, according to The Associated Press.
Two different bystanders, identified as Boris and Sofia Gurman, were seen on video confronting a gunman before the shooting began at Bondi Beach in Sydney, Australia.
Despite their efforts to disarm him, the gunman later overpowered and killed them, according to authorities.
Australian authorities say a father and son accused of carrying out the attack — 50-year-old Sajid Akram and his 24-year-old son, Naveed Akram — filmed a video manifesto containing antisemitic language and expressions of support for the Islamic State.
The pair may have been planning the attack for several months, investigators said.
Only the son survived the attack and now faces murder and terrorism charges.
Fox News Digital's Rachel Wolf and The Associated Press contributed to this report.