One of four men arrested over a suspected terror plot to bring down a plane has been released without charge in Australia.

Police have been gathering evidence since conducting raids over the weekend in what Prime Minister Malcolm Turnbull described as a major counter-terrorism operation.

Report says a 50-year-old man was released by police yesterday, but three men remain in custody.

The Australian Federal Police (AFP) said in a statement today that the investigation remains ongoing, and further information will be provided at an appropriate time.

The AFP Commissioner Andrew Colvin said authorities had intervened early without having all the pieces of the puzzle, because it was a counter-terrorism investigation.

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