The 903kg haul of the drug, also called ice, is estimated to have a street value of A$898m, Justice Minister, Michael Keenan says.
According to the Australian Federal Police, the drugs were found hidden in 70 boxes of wooden floorboards at a warehouse in Melbourne.
Two men have been charged with drug trafficking offences, while more are still sought after.
Prime Minister, Malcolm Turnbull praised the police operation, describing drug traffickers as "merchants of death".
In 2015, Australia's government established a national taskforce to tackle the growing use of crystal methamphetamine, which has become the most common illicit drug in the country.
The move followed a report by the Australian Crime Commission that found ice posed the highest risk to communities of any illegal substance.
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