HMAS Parramatta paid off. On 17 October 1929 she was handed over to Cockatoo Dockyard for dismantling. Her hull was subsequently used as an accommodation vessel, on the Hawkesbury River, NSW, by the New South Wales Department of Prisons before being sold to Mr George Rhodes of Cowan as scrap. The vessel was moored in the river but broke adrift during a storm and ran aground and her wreck remains there to this day. What remained of Parramatta (I) lay derelict on a mud bank north of Milson Island in the Hawkesbury River until 7 July 1973. On that and the following day the bow and stern sections were salvaged by the Naval Historical Spociety of Australia and later transported to a site on the north bank of the Parramatta River, upstream from the Silverwater Bridge. The stern of the ship was later established as a naval memorial at Queens Wharf Reserve. The bow section is mounted at the north end of Garden Island, Sydney, within the grounds of the Naval Cultural and Heritage Centre