 HMAS Waller, the third of the RAN's Collins-class submarines to enter service, was commissioned on 10 July 1999. The attendees included John Waller, Michael Waller's wife, and surviving crewmen of HMAS Perth. On 13 March 2010, a memorial to Waller was unveiled in his home town of Benalla. In April 2011, he was one of thirteen servicemen — eleven sailors and two soldiers, including Teddy Sheean, Robert Rankin, and John Simpson Kirkpatrick — named by the Australian government for consideration as possible recipients of the Victoria Cross (VC) for extreme valour in combat, under a review by the Defence Honours and Awards Appeals Tribunal; no RAN member had ever been awarded the decoration. Concluding its investigations in February 2013, the tribunal recommended that no further award be made to any of the thirteen servicemen, but that the name Waller (among others) should continue to be used for RAN ships after the current bearer was decommissioned.
