A boat in Western Australia has played host to Australia's biggest drug haul.
Eight men have been charged over the $1.04 billion drug bust involving a boat in Geraldton on Thursday and face life in jail if they convicted of drug importation.
The massive drug bust tops a 903kg seizure in Melbourne earlier this year in which the drug was found packed inside the hollowed out floorboards of a sea container.
The joint Western Australian and Federal police operation culminated in a pre-dawn raid on the 16m vessel early yesterday, and the arrest of at least six people. All have all faced the Geraldton Magistrate's Court charged with possessing a commercial quantity of a border controlled drug.
It is understood the drug haul could have fetched more than $1 billion if it had been allowed to hit Australian streets.