The wreckage of Sydney II was found in March 2008 off Australia 's western coast . Delay in announcing the boat 's loss in 1941 fueled various theories over the years . In 2007, a team led by Australian archaeologist and Titanic historian Dr David King announced that they had discovered evidence suggesting it could have been sunk as early as 1912 or even earlier. Some proponents of theories will be allowed to present their case .
The wreckage of Sydney II was found in March 2008 off Australia 's western coast . Delay in announcing the boat 's loss in 1941 fueled various theories over the years . Inquiry lawyer : Some proponents of theories will be allowed to present their case .