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Omphalotus nidiformis Berk
It's only a tentitive ID. Most fungi are hard to ID just from a photo. Next time see if you can get a photo of the gills as well, because on O. nidifomis they are markedly crinkled near the base.
Thanks for ID
My best guess is Omphalotus nidiformis http://en.wikipedia.org/wiki/Omphalotus_...
Lat: -34.64, Long: 150.21
Spotted on Mar 23, 2011 Submitted on Mar 23, 2011