A fourth person has died in a drowning incident at Phillip Island on Wednesday afternoon.

Victoria Police said four individuals were pulled out of the water after 3:30pm, with three people initially pronounced dead at the scene.

But police later confirmed on Thursday morning that a fourth individual had sadly passed away after earlier being rushed to hospital with critical injuries.

“There’s a lot of police action heading down there,” caller Fraser told 3AW Drive yesterday.

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What Tom Elliott wants to happen following the Phillip Island beach tragedy

Photo: Nine