A man facing a possible life sentence for attempting to possess 40 kilograms of cocaine that was smuggled into Queensland has been granted bail on a $200,000 surety.

Marko Maksimovic, 29, was one of five men arrested last month after federal police tracked 100 kilograms of the drug from the yacht Solay, which came from South America via Vanuatu and docked at Coomera in August.

Marko Maksimovic was allegedly involved in trying to smuggle 40 kilograms of cocaine into Australia. Credit:Jennifer Soo

Maksimovic was observed meeting with his co-accused at the marina throughout the morning and later met them at the Coomera Roadhouse cafe, where police found 40 kilograms of the drug in a Toyota Echo.

Despite facing a potential life sentence for attempting to possess a commercial quantity of cocaine, Maksimovic's lawyer argued there was no evidence that he was attempting to possess all of it and that he might have been at the cafe for an innocent purpose.