A plot to import 300kg of South American cocaine into Australia has been thwarted.
Two men were arrested after raids in Sydney for allegedly conspiring to bring the drugs into Australia from Peru via Singapore and Papua New Guinea.
They are expected to be charged with conspiring to import a commercial quantity of drugs.
A woman was also charged with dealing with the proceeds of crime after raids at Logan, south of Brisbane, and Airlie Beach in north Queensland.
The drugs, which have an estimated street value of $105 million, were expected to be transported from Papua New Guinea to Australia through the Torres Strait by a syndicate based in the two countries.
The Peruvian syndicate involved in the Australian import plot was also dismantled, with more than a tonne of cocaine seized.
A Peruvian businessman who consulted with Australian-based syndicate was arrested.