An apparatus and method for transmission/reception of system information in a broadband wireless communication system are provided. An operation of a Base Station (BS) in a broadband wireless communication system includes determining whether to apply a system configuration corresponding to a previous value of a Secondary-Super Frame Header (S-SFH) change count changed according to update of system information and, when applying the system configuration corresponding to the previous value of the S-SFH change count, setting a parameter representing the applied system configuration to a first value and, when applying a system configuration corresponding to a current value of the S-SFH change count, setting the parameter to a second value, and transmitting a Primary-Super Frame Header (P-SFH) including the S-SFH change count and the parameter set to the first value or the second value.