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Pycnoporus coccineus
A very bright reddish orange fungi growing on old dry wood. Orange scarlet, fan shaped, firm bracket attaching along the straight edge to wood. Size is very variable. Juvenile fruit-bodies are a lovely scarlet colour; the underside is a deeper colour and consists of fine pores.
Sandy coastal scrub/forest, with many melaleuca and banksia trees.
thanks Charlie. You hit that right on the head, I'd say. Well done. Rather beautiful, isn't it!
Some extra information http://qldfungi.org.au/resources-2/garde...
No mistaking that vivid red undersurface :)