His friend Rod Wescombe announced Matters’ death on Facebook, writing that he was “shocked and saddened” by the news.
Matters joined the band in 1975, after recording their album Skin voltage. However, he was fired by Bon Scott a few weeks later, replaced by Mark Evans.
“I first met Paul in 1973 while playing bass in ‘Armageddon’ at a concert in Hamilton, Newcastle NSW,” Wescombe wrote.
“When I lived in Toronto, he used to come home late to party and he loved to party.
Although Matters didn’t record on AC / DC’s debut album, he performed with the band in Melbourne, Adelaide and Sydney on tour. He retired from music in 1975.
“At the end of ’75 after leaving AC / DC, we performed together in a unique band called ‘Miss Australia Band’ at a concert on a ferry on Macquarie Lake,” Wescombe continued.
“I moved to Sunshine on the lake further south and Paul would drop by to relax whenever he was in the area. I remember he could always make me laugh when he was in the mood.
Matters’ cause of death has not been confirmed, but Wescombe said his old friend was “in poor health”.
Matters has already spoken about his departure from the group for the book The Last Highway: The Untold Story of Bon Scott et AC / DC’s Back in the Black.
“Bon got out of the back of the truck and told me I wasn’t going back to Melbourne with them,” he said. “We were in Sydney to do a concert for school children. So I didn’t play that day. I just turned around and didn’t say a word to her. I turned and walked out.