This memorial commemorates the sinking of the hospital ship Centaur that was torpedoed by a enemy submarine south east of Cape Moreton. Only 64 of the 332 people on board survived. The memorial is a white stone slab with two plaques inserted at the front. A small sloped section exists at the centre base with an etching of an anchor. It sits on a white stone plinth with fence posts inserted into the concrete base and white chain joining each acting as a barricade. New plaques were added on 14 May 1993, the 50th anniversary of the sinking of the Centaur.