Two men have been arrested after reportedly leading police on a high-speed chase on waters off the coast of Northern New South Wales.
The pair were initially spotted by members of the Australian Defence Force, and when police tried to track them down they sped off.
Officers say they were throwing bags of cocaine overboard as they tried to escape.
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A 36-year-old man and a 53-year-old man have been arrested and charged with possession of a commercial quantity of a border controlled drug.
The 600 kilograms of cocaine has an estimated street value of $180 million.
Australian Federal Police Detective Superintendent, Andrew Donoghoe, said yesterday’s result shows our forces are disrupting the drug trade.
“ We have stopped such a large amount of cocaine from hitting the streets of Australia is a testament to the combined efforts of all agencies involved,” he said.
The charges laid carry a maximum sentence of life imprisonment.