Taking a decent pic was almost impossible as it was darting around seemingly at random above the water.
The colouration was bright red.
Prolific under chestnut tree, but spread over wider area. Shows white rim.
in bed of old Halfway Dam, Lincpin G Link Rd, Creswick Reg Park
Tentative ID, under old hardwood
Height: 3cm
Diameter: 20cm
Substrate Leaf litter, herbs & grasses
Habitat: Ironbark forest
Other spp: Eucalyptus tricarpa, Acacia verniciflua, Juncus pallidus, Geranium sp., Oxalis sp., moss
Not Ramaria filicicola
Height: 2cm
Diameter: 2cm
Substrate Tree-fern base
Habitat: Wet forest
Other spp: Eucalyptus spp., Coprosma quadrifida, Cyathea australis, Bursaria spinosa, Polystichum proliferum
Height: 2mm
Diameter: 3mm
Substrate Wood
Habitat: Fern gully
Other spp: Eucalyptus viminalis, Acacia melanoxylon, Olearia argophylla, fern spp
Height: 20mm
Diameter: Patch 1m
Status: Indigenous
Habitat: Fern gully
Other spp: Hedycarya angustifolia, Dicksonia antarctica, Polystichum proliferum, Blechnum parrisiae, mosses, lichens