Police were called to Bankstown Central Shopping Centre at 11.50am after people reported seeing people shot in a carpark of the complex.
They discovered two men and a woman injured at the location; one of the men died at the scene.
The two injured people were treated at the scene and taken to hospital.
The shopping centre car park has been closed as a precaution.
NSW Police are urging people to avoid the area for the time being due to traffic delays.
No arrests have been made at this stage.
Fairfax reports the victim as a convicted killer Walid "Wally" Ahmad.
More to come