This Livery is for the Flyingiron P-38L lightning representing the RAAF F-4 Varent of the lightning. 

Diverted to Australia 25/08/42 after surving 8 month in USAAF. Seeing 5 years survice in the RAAF before on the 01/09/44 the Starboard undercarriage collapsed on landing at Coomalie Creek,
Aircraft was damaged beyond economical repair in the subsequent fire. 
The pilot (F/LT C.J.Rush) escaped with superficial burns to face, arms and hands. 
it was Received in 12/09/44  by 8 CRD ex 1 PRU. and it was aproved on 26/09/44 for conversion to components.

USAAF History was on the 31/10/44 the aircraft was Condemned by the Fifth Air Force, Brisbane and subsequently 09/01/45 Struck off operational status by USAAF.