The 22-year-old attacker has been charged with "committing a terrorist attack" and "attempted murder" following the attack in Ohlfsen Road, Minto, just after 4 PM (local time) yesterday, police said.
"We will be alleging before court that this was an act inspired by ISIS, it was a deliberate act, it resulted in a person receiving extremely serious injuries. We will allege that he was going to attack them (the officers) also," NSW Deputy Police Commissioner Catherine Burns said.
"We know that this person has strong extremist beliefs inspired by ISIS. What made him actually act yesterday we do not know. There was clearly some planning yesterday that we do know about and that only came to light post the incident.
"This clearly was a very volatile, very violent situation that police and the members of the community were confronted with," she said.
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Witnesses heard the accused man shouting in Arabic during and after the attack. The victim managed to run to a nearby home to seek help.
The accused will appear in Parramatta Bail Court today.
"Police would like to reassure the community there is no ongoing threat in relation to this incident," police said in a statement.
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