Mr Waugh, 37, was found dead with a single gunshot wound to his chest when police were called to the Windeyer Street home shortly before 8pm on November 3 in 2016.

Police allege the shooting was an act of retribution after Mr Waugh went to police over an alleged home invasion triggered by a drug deal gone wrong. Taniela Manu Pikula, 29, was the second person police charged in relation to the death.

It's alleged he helped two men being investigated for Mr Waugh's murder, Jason Pikula-Carroll, 21, and Tavake Lee Pikula, 31, between November 3 and November 14. Those men have not yet been charged.

Taniela Pikula has been in custody since he was arrested and interviewed by homicide detectives in July.

He has not yet entered a plea. Deanne Pikula, 26, was charged earlier this year with accessory after the fact for the murder, after she allegedly stashed the murder weapon.

She pleaded not guilty and was released on bail.

Taniela Pikula appeared in the ACT Magistrates Court on Monday, when prosecutors did not oppose his bail application.

A police statement outlining the allegations against him has not yet been tendered in court.

He walked free on conditions that included he report to Queanbeyan police station three times a week and not contact a long list of people.

The case returns to court in two weeks. Police said they found a gun and a crowbar believed to be linked to the alleged murder when they searched the Queanbeyan River in August.