The TSS Merimbula was a twin-screw steel steamer built in 1909 by the Ailsa Shipbuilding Company at Troon, Scotland, for the Illawarra and South Coast Steam Navigation Company. About 64 m (209 ft) long and 1,111 tons, she carried up to 96 first-class and 10 second-class passengers plus cargo on the Sydney-to-Eden coastal run, a mainstay of the South Coast before road transport took over.

She left Sydney bound for Eden on 25 March 1928 and on 27 March, in deteriorating weather, ran aground on Whale Point at Currarong. Salvage attempts failed and she broke up where she lay. Today the wreck is a declared historic shipwreck and one of the most accessible wreck dives on the South Coast. The bow section lies on the rocks, and the hull runs north-north-east from the reef with its bottom plating lying on the rocky reef, largely uncovered. The two triple-expansion, coal-fired engines have fallen outward from the ship, with the port boiler beside the port engine and the starboard boiler further aft. Propeller shafts run from the engines towards the stern, a large winch and anchor lie on the port side, and the stern section has been displaced onto the sand beyond the reef edge at around 13–14 m.

Because it is shallow – most of the wreck lies in 4–13 m – it suits Open Water divers and snorkellers can see parts of it on calm days. The splayed hull plates, rudder gear and machinery are colonised by kelp and reef fish such as blue groper and luderick. It is best done in a calm sea, when surge is minimal, and it is an excellent second dive after the outer Beecroft Peninsula sites or a stand-alone trip for divers staying in Currarong.

Currarong has three boat ramps – a dual-lane concrete ocean ramp at the eastern end of the village, a sand ramp and a tidal ramp in Currarong Creek. Currarong is about 25 minutes east of Nowra via Culburra Road and Currarong Road (2.5–3 hours from Sydney). The wreck lies off Whale Point, about 3 minutes' run north of the Currarong ocean ramp; McFadyen gives 35° 00' 16" S 150° 49' 42" E (AUS66 datum – about 220 m offset from WGS84).

Shore divers can walk out to Whale Point from the village and enter from the rocks in very calm seas.

Whale Point faces north-east into the open sea at the northern tip of the Beecroft Peninsula. The wreck is shallow and needs a calm sea – swell under about 1 m – because surge rolls across the reef and hull plates. It is sheltered from southerly winds and swell, which makes it a good option in southerly weather, but north-easterly winds and swell (common on summer afternoons) make it unpleasant.

Visibility drops after rain and big seas.

Start at the bow on the rocks and follow the hull north-north-east over the exposed bottom plating. Inspect the two triple-expansion engines lying outward, the port and starboard boilers and the propeller shafts, then the winch and anchor on the port side, and finish at the stern section on the sand at the reef edge.

Protected historic shipwreck (Underwater Cultural Heritage Act 2018).

Occasional trips by Jervis Bay operators and Sydney clubs; mostly private boats from Currarong. No regular scheduled charter.