TWO men have been arrested for allegedly conspiring to import 300 kilograms of cocaine into Australia.
The pair, aged 57 and 63, were busted following a joint international investigation between AFP, Peruvian, Singapore, Malaysian and Papua New Guinea authorities.
Police will allege the two men were conspiring to import the large haul of the drug into Australia from Peru via Singapore and Papua New Guinea.
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A 34-year-old woman has also been arrested and charged with dealing in proceeds of crime.
The men are expected to be extradited from NSW to Queensland this afternoon.
A representative from the Queensland Joint Organised Crime Task Force is expected to address media in Brisbane shortly.