In 1889, the Ozone was involved in a collision with the vessel Elfin, in Hobsons Bay, near Williamstown.

In October 1925 she was dismantled and her hull was sunk off-shore at Indented Head to form a breakwater for small craft.

In April 1991, the starboard paddle wheel collapsed, dramatically changing the configuration of the remains.

One of Ozone's two anchors has been incorporated into an historical monument, which stands on the cliff-top near Taylor Reserve, Indented Head, overlooking the wreck.

[2] The wreckage of the Ozone remains visible about 50 metres offshore at Indented Head, and is an easy shallow dive.