In his Christmas video posted to Twitter and Facebook on Sunday morning, the prime minister asked Australians to remember the homeless, those who are lonely, our emergency services and armed forces.
"Whatever you're doing on Christmas this year, please remember those that need our love and support now more than any other time," he said in the video.
"Above all, let's reflect on what makes our country so great ... our rich tapestry of diversity, the way we respect each other, the way we look out for each other, for our family, friends and neighbours."
Mr Turnbull, who will be spending Christmas with his family, also had a message for the men and women of the Australian Defence Force.
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In his video, thanking them for their commitment and sacrifice, he noted one of the most special moments of the year was his visit to the troops in Afghanistan and Iraq on Anzac Day.
"You are playing such a crucial role in a fight against the terrorists who threaten our freedoms and our way of life," he said.
"Wherever you are serving and whatever your role, I want you to know that I am proud of each and every one of you ... you represent the very best of Australia."
Opposition leader Bill Shorten also thanked the thousands of Australians who have and will continue to serve others during the Christmas break.
"The brave men and women of our Australian Defence Forces, serving in the Middle East away from their families," Mr Shorten said in a video alongside his wife Chloe.
"We think of you and your families back home here in Australia."
His wife gave thanks to emergency services workers who confront disaster during what should be a happy time and the volunteers who bring joy to those in need.
Mr Shorten also recognised the Australians who will continue working on Christmas Day.
"Without you, the rest of us couldn't enjoy our Christmas Day and I thank you for your hard work," he said.
