Mr Fry, a doctor from the United Kingdom, is in good spirits and is expected to make a full recovery. "I turned and I saw this shark come out of the water and breach its head", he said.
'We saw the YouTube clip of Mick Fanning saying that he punched it in the nose.
He said he shouted out to his mates and then "paddled so hard back to shore".
Fanning, a three-time world surfing champion, famously hit a great white shark after it became entangled in his leg rope during the J-Bay Open in South Africa.
'I instantly just jumped away. "I've just gotten here and I've already been attacked". I punched it in the back'.
He said he would not be back in the sea for a week because of his injuries, but after that would be "racing to get back in".
'It was a nervous swim in.
"So I thought. 'get in as fast as possible, ride the wave for as long as you can and then just start paddling for your life, '" he added.
Fry escaped the very hectic incident with a few scratches and puncture wounds.
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Mr Fry wasn't seriously injured and only suffered bite marks to his shoulder and arm.
He was driven to a nearby hospital by his companions instead.
Following the attack, Avoca and North Avoca beaches were closed, and authorities began scouring waters for the shark involved the attack.
"It was terrifying but it only lasted five seconds".
The 25-year-old said he's not sure what kind of shark it was.
Avoca beach will remain closed for most of Tuesday as a result of the attack.
A British doctor has said he punched a shark on the nose that was "about to eat me" while surfing in Australia.
Lifeguards spotted the 3-meter (10-foot) shark that attacked Fry close to shore and would use drones on Tuesday to check that it had left the area, Australian Broadcasting Corp. reported.