The weather was fine when the pilot departed Bankstown, however, deteriorating conditions were encountered enroute. Communication was lost with the aircraft after the pilot reported he was holding at a point some 15 kilometres from his destination. Searchers subsequently discovered the wreckage of the aircraft in water, 900 metres from the intended landing strip. No fault was found with the aircraft that would have been likely to contribute to the accident. Thunderstorms, low cloud and extremely heavy rain were present in the area. It is probable that the pilot was manoeuvring the aircraft for a landing when it struck the water.