HMAS Gascoyne paid off. She had steamed 301,781 miles. Without being brought forward for further service, Gascoyne was sold as scrap on 15 February 1972 to the Fujita Salvage Company Limited of Osaka, Japan. On 6 July 1972 the Japanese tug Sumi Maru left Melbourne for Japan with Gascoyne and the former destroyer HMAS Quickmatch in tow.