Grandmaster Fung passed away on March 18, 2007, at the age of 62 after a three-year
battle with nasopharyngeal carcinoma.
A Memorial Service for Grandmaster Fung was held at Sydney Town Hall on April 14, 2007, which was attended by many of Grandmaster Fung's past and present students, friends and fellow martial artists. Tribute speeches were made by those close to Grandmaster Fung, including his Master, Sigung Chu Shong Tin, his oncologist, Dr David Dalley, and his eldest son, Senior Instructor Tristan Fung.
It was Grandmaster Fung's wish that the Academy continue after his death, and it now continues under the leadership and management of his son, Senior Instructor Tristan Fung.