A Canberra man allegedly yelled "you're finished" at another man before attacking him with a machete, the ACT Magistrates Court has heard.

Police allege Ivan Terrence Torbert, 36, launched the attack on a man checking his mountain bike outside a home in Watson last month.

Facts presented to the court stated that Torbert approached the victim from behind and yelled "you're finished" before slashing his legs and hands with a machete.

The victim yelled for help and defended himself by throwing a bike tyre at Torbert.

The victim's dogs then started biting Torbert's legs and he fled the scene when neighbours came out of their apartments.

It is alleged Torbert later rang the victim and threatened to "finish the job".

Torbert was arrested in the suburb of Florey on Friday, nine days after the attack.

He has yet to enter a plea to a charge of inflicting grievous bodily harm.

Magistrate Peter Dingwall denied Torbert bail, saying he posed a real danger to others in the community.

Torbert will face court later this month.