Cockatoo Docks & Engineering Company

[7] On 4 June 1986, the company was purchased by Australian National Industries (ANI).

[8] As part of a review of Australia's ship building capabilities, the Federal Government decided in 1987 the lease would not be renewed.

[9] Although consideration was given to terminating the lease early, in the end it ran its course until 31 December 1992, although the only work performed in the last 18 months was decommissioning the dockyard.

A lengthy legal action over various costs and liabilities between the government and ANI was settled in May 1997.

Many ships of the Royal Australian Navy (RAN) were repaired.