The TV executive passed away on Saturday (August 18) following a battle with cancer, reports The Australian.
Bateman's producing credits also included The Flying Doctors, The Rainbow Warrior Conspiracy, Ring of Scorpio and Elly and Jools.
He also played an important role for the Seven Network's broadcast of the Atlanta Olympics in 1996.
Seven's CEO Tim Worner said in a statement: "In an industry built on legends, Alan Bateman was a trailblazer.
"Home and Away, conceived, developed and executive produced by Alan during its critical early seasons, will ensure his history and that of the iconic series are forever linked.
"When Alan was in charge of a production, everyone had fun. That spirit lives on inside Home and Away today."
Seven West Media Chairman Kerry Stokes said: "He was dedicated to Australian content and championing programmes that reflected the Australian identity. He made a real contribution to the Seven Network and Australian television."
Bateman famously conceived the idea for Home and Away when he stopped for ice cream on a family outing at Kangaroo Point, New South Wales and began talking to locals who were angered by the construction of a home for foster children in their town.