The 17-year-old rider died at the scene and the 19-year-old boy was taken to hospital with serious injuries.
Police allege the driver fled the scene in the vehicle without rendering assistance to the pair.
PolAir tracked the utility allegedly being driven to Cairns Street, Loganholme, where the driver, a 21-year-old Thornlands man, was taken into custody.
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Detectives charged the man with one count of manslaughter, grievous bodily harm and fail to remain at scene.
He was denied police bail and will appear in Brisbane Magistrates Court tomorrow.
