Arcyria obvelata

Description:

Slime mold fruiting bodies; like tiny loofahs; up to 3mm tall; some with spots at outer end; pale brown to cream colour; in patches approx. 60mm across. Flexible, soft, some warts, clustered, stems pale to yellow, widening to top.

Habitat:

On dead, hard and very dry eucalyptus wood.

Notes:

Thank you Clive for the ID. http://www.hiddenforest.co.nz/slime/fami...