The plane, which left from northern Gold Coast, stalled and flipped on the runway as it landed at Caloundra Airport just before midday on Saturday, emergency services said. A man and woman who escaped the wreckage suffered only minor injuries.
Sunshine Coast District Inspector Matt Wilson said the airport would remain closed for some time.
"The situation is under control, there's no risk of fire or explosion and all passengers have been removed from the aircraft".
Their condition is not known. The woman was able to get out of the plane and walk to the road, where she flagged down a driver to call 911.
The woman then led authorities to the crash site and the man.
Stock markets extend losses at open
Nordstrom shares were up 1.63 percent at $45.60 following the apparel retailer's better-than-expected quarterly same-store sales. The Korean won fell against the United States dollar. "I don't think this is the start of a change in (low volatility) regime".
Markets extend losses as Korea tensions escalate
The S&P hasn't moved more than 0.5 percent in one day since July and has fallen more than 1 percent only twice this year. ET (1503 GMT), the Dow Jones Industrial Average .DJI was down 110.36 points, or 0.5 percent, at 21,938.34, the S&P 500 .