Queensland Reds player Karmichael Hunt has been fined $2,500 after pleading guilty to four charges of cocaine possession in Southport Magistrates Court on Thursday.

Rugby union convert Hunt had been served with a notice to appear in court by Queensland's Crime and Corruption Commission (CCC) in February as part of an ongoing investigation into a cocaine trafficking syndicate operating in south-east Queensland.

In response to the four charges of possession of cocaine - downgraded from supply charges - Hunt responded to Magistrate Catherine Pirie: "Guilty, your honour."

He was fined $2,500 but no conviction was recorded for the offences.

In response to the court decision the Australian and Queensland Rugby Unions suspended Hunt for six weeks and fined him $30,000.

In handing down her sentence the Magistrate acknowledged Hunt was remorseful and that his reputation has been damaged.

"Your offending of course will become well known and well broadcast and be a disappointment to many including your legions of fans," Magistrate Pirie said.

"But hopefully you also send a message of admitting mistakes and learning from them."

Hunt addressed the media after leaving the court and said he was relieved with the outcome.

"It's been a difficult couple of weeks for myself and my family," Hunt said.

"Just looking forward to putting the process behind us and moving on."

Police prosecutor Sergeant Kirsty Johnson had identified Hunt as a customer of former Sydney Roosters player John Touma who she described as the main person in the cocaine supply network.

Hunt had purchased cocaine on four separate occasions from Touma between September and October last year, totalling 12.5 grams.

Sergeant Johnson told the court a series of text messages between Hunt and Touma referred to a "full eight $1,100", in reference to 3.5g of cocaine with a price of $1,100.

Sorry, this video has expired Hunt pleads guilty to cocaine possession ( Leonie Mellor )

She said Hunt sought out Touma for cocaine on September 1, 8, 27 and October 3. On the first three occasions Hunt paid $1100 for amounts equivalent to 3.5g.

In referring to the purchases on September 27 and October 3, Touma had sent former NRL player Matthew Seers to make the delivery to Hunt.

In referring to the incident of October 3, Sergeant Johnson said Hunt called Touma, saying he was on the Gold Coast with friends and they were "keen".

After speaking with Hunt, Sergeant Johnson said Touma made a call to Seers to take a "big one" to Hunt at the Crowne Plaza Hotel, before Hunt changed his order to "two little ones", or two grams of cocaine.

A massive wake-up call

Hunt's defence lawyer Alastair McDougall did not dispute the facts but said his client made "very poor choices that he'll be paying for, for the rest of his life", adding his client had incurred "enormous economic loss" from his actions.

Mr McDougall said Hunt had clearly shown remorse in pleading guilty early, saying it had been a "massive wake-up call."

"My client has demonstrated significant remorse, firstly by his early plea, at the very first mention date," Mr McDougall told the court.

"[Hunt] not only demonstrated significant remorse in conferences with instructing his solicitor and myself, where he actually used the words: 'it's very easy to deal with an issue when you tell yourself the truth'.

"He deeply regrets the position he's put himself and his family in by the offending.

"He's suffered ... enormous economic loss as a result of his actions.

"But more importantly he has to now deal with the fact that his two young daughters and soon to be third young daughter are going to grow up with the knowledge that their father has broken the law."

The Magistrate quoted from a character reference from Hunt's former mentor and Brisbane Broncos coach Wayne Bennett, who said one of Hunt's best features was his willingness to own his own problems and not blame others.

Gold Coast Titans' Falloon, Dowling's cases postponed

Adjourned ... Beau Falloon (R) arrives at Southport Magistrates Court. ( ABC News: Alyse Edwards )

The drugs case against Gold Coast Titans players Beau Falloon and Jamie Dowling has been adjourned until May 8.

Falloon and Dowling have had their bail extended, although their argument for an earlier court date was rejected.

Falloon, 27, faces four counts of supply while Dowling, 24, faces seven charges of possessing a dangerous drug and two counts of supply.

Elise Abood - Falloon's partner - has also had her case adjourned to May 8.

The CCC is not alleging the players were involved in the syndicate or trafficking of drugs, but they will allege the players contacted the syndicate for the supply of drugs.

Hunt is due to make a statement after his court hearing, while the Reds are also expected to issue a statement this afternoon.

Reds coach Richard Graham spoke to the media at Ballymore this morning, expressing his hope that there is a quick resolution to the matter.

"I'm obviously hopeful ... that it is resolved today so we can move forward," he said.

Players will not return to the playing field this weekend

Current Titans players Greg Bird, Dave Taylor and Kalifa Faifai Loa will front court on Monday, along with former Titans Joe Vickery and Ashley Harrison.

The CCC has issued an arrest warrant for former Titan Steve Michaels, who is currently playing in England's Super League competition.

Titans coach Neil Henry has expressed his desire for the five players who have been stood down to return to first team duties after their initial court appearance.

A decision on whether the players will be allowed back into the fold is not likely until after Monday's appearances meaning Falloon and Dowling are unlikely to have any part to play against the Tigers.

Reds coach Richard Graham has already ruled out making Hunt available for selection in their Super Rugby derby with the New South Wales Waratahs on Saturday night.

It will be the third straight match the code-hopper has missed since the scandal broke and no official decision has been made on what will happen to Hunt following Thursday's court appearance.

ABC/AAP