The true story of a half million dollar gold robbery which took place in Perth Western Australia in 1982.

John Brandy is an ex-cop on holiday in Singapore with his girlfriend Ginger when he hears an old Perth banker friend of his, Frank Newman, has committed suicide. He travels to Perth and discovers that Newman killed himself after being drugged at a party and found himself in a pornographic film; he was blackmailed and embezzled money to pay off his tormentors, but when the film was distributed anyway he decided to take his own life. Newman and Ginger decide to investigate who is behind the blackmail racket.

Fremantle Arts Centre is visited by a ghost who lived a terrible life when the Centre was a lunatic asylum.

Story examines television station UCV-12 attempting to produce a feature-film version of its television series "Manhunt", while an officious efficiency expert investigates the running of the station causing the staff to fear for their jobs.