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Pycnoporus coccineus
I was astonished to see that the fungi had grown around the twig of the tree!
Australian Bushland
could this be a similar species to my spot? found in South Africa
http://www.projectnoah.org/spottings/123...
In the US and Europe, I would call that the Cinnabar polypore (Pycnoporus cinnabarinus). Not sure if it's found in Oz though.