A woman has died and five other people had to be rescued at Bushrangers Bay this afternoon, according to Victoria Police.

It is believed four people were swept off rocks about 3.30pm and that two members of the public went to their aid.

The Police Air Wing, Westpac Rescue Helicopter and Air Ambulance were called, along with the Water Police and local police. They recovered the body of the woman and rescued the other five people, who were taken to hospital for treatment.

Police will prepare a report for the Coroner.