A Gold Coast man has become the second person to be charged over a $20 million cocaine bust, that resulted in the death of a diver in New South Wales.

The diver, a 31-year-old Brazilian man, was found unresponsive in the water at the Port of Newcastle in May, with 54kg of cocaine nearby.

Despite the efforts of witnesses and paramedics, the man could not be revived and died at the scene.

A 62-year-old superyacht operator from Queensland was charged earlier this year over his alleged role in the incident and remains before the courts.

Following ongoing investigations, a 20-year-old man attended Tweed Heads Police Station yesterday, where he was arrested by strike force detectives.

The man, from Southport, was charged with import commercial quantity of border controlled drug and supply prohibited drug more than large commercial quantity.

He was refused bail to appear at Tweed Heads Local Court today.

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Investigations under Strike Force Groove continue.

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