Sue this is a remnant of Laetiporus portentosus. Often this 'styrofoam' looking remnant, one usually finds lying on the forest floor, is often all a lot of people ever see of this fungus - which looks really good when fresh. This fungus causes white hear-rot in living Eucalyptus species. Though it must work slowly as I've been seeing it on a tree on the hill behind our place for a number of years and the tree still looks healthy! The insects absolutely love it hence all the holes where they've chewed their way through this great food source for them. Most probably dispersing spores as they go. I've been finding a few of these remnants in our area over the last couple of months Good find. e
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