Following the 1980 challenge, Australia was sold to the British "Victory" syndicate headed by Peter de Savary.
Renamed Temeraire, the boat became a trial-horse for Victory 82 (K-21) and Victory 83 (K-22) for the 1983 America's Cup that was ultimately won by Australia II (KA-6).

In 1985, Australia returned to Sydney after being bought by Syd Fisher in 1985 to be the trail horse for Fisher's "East Australia America's Cup Defence" syndicate defender, Steak and Kidney (KA-14).
Australia, as with Steak and Kidney, was eventually refitted, passing survey, as a day sailing charter boat in 2004 and was acquired, along with Steak N Kidney, by the Australia 12m Historic Trust in 2011.

Today, Australia is located near Drummoyne, in Sydney, alongside Steak N Kidney.
Following the 1980 challenge, Australia was sold to the British "Victory" syndicate headed by Peter de Savary. Renamed Temeraire, the boat became a trial-horse for Victory 82 (K-21) and Victory 83 (K-22) for the 1983 America's Cup that was ultimately won by Australia II (KA-6).
In 1985, Australia returned to Sydney after being bought by Syd Fisher in 1985 to be the trail horse for Fisher's "East Australia America's Cup Defence" syndicate defender, Steak and Kidney (KA-14). Australia, as with Steak and Kidney, was eventually refitted, passing survey, as a day sailing charter boat in 2004 and was acquired, along with Steak N Kidney, by the Australia 12m Historic Trust in 2011.
Today, Australia is located near Drummoyne, in Sydney, alongside Steak N Kidney.
Australia (yacht)