Orange Fungus

Cyptotrama aspratum (common name - Gold Tufts), family Marasmiaceae, is a small delicate agaric growing on dead wood in moist forests. It is distinctive with it's yellow cap covered in pointed fibrillose scales when young, which fall off as the cap expands and flattens with age.

Gills are white and rather widely spaced. Spore print white . Stem is white with a yellow tinge, darker at the base, and is warty. It grows singly or in small groups.

https://australianfungi.blogspot.com/2007/03/2-cyptotrama-aspratum.html