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Cymatoderma elegans var. lamellatum
A leather fungi species known as a "leathery goblet" (which looked more like a martini glass to me). It has a funnel-shaped cap, and a rigid and woody stem. This a large thelophore species which grows (usually) on rotting wood, and is native to Australia. The largest specimen here would have been roughly 25 cms in diameter.
Spotted on the Mt. Mathieson Trail in a section of subtropical rainforest, at Mt. Mathieson, Spicers Gap. This area forms part of Main Range National Park, and is included in the Gondwana Rainforests of Australia World Heritage Area. This fungus was growing on decaying tree branches on the forest floor. Massive fires have recently burnt through this area, but apart from some burning around its perimeter, the central part of this rainforest remains intact.