A Sydney driver allegedly hit a cyclist in her vehicle and then reversed over him, before fleeing the scene of the fatal crash, police say.

Vonny Ho, 47, allegedly struck cyclist Raymond Rawiri, 66, from Neutral Bay, while driving in the back streets of Lidcombe shortly before 5pm on Tuesday.

Vonny Ho was granted bail in Parramatta Bail Court on Saturday. Credit:Nine News

She is accused of then reversing over Mr Rawiri, before driving away.

Ms Ho, who works for a shipping company, attended Auburn Police Station on Friday afternoon where she was arrested and charged with failing to stop and assist after vehicle impact causing death, and both dangerous and negligent driving causing death.