Tremella mesentericaCommon name: Yellow Brain Fungus
Meaning of name: Unknown.
Distribution: Unknown.
Description: This species is found decomposing dead wood and is a parasite of other fungi. The brain-like lobes are bright orange when young but become pale and flabby with age.
References: Fungi of the Perth Region and Beyond. Neale L Bougher. http://www.bushlandperth.org.au/activities/perth-fungi-project
The fruiting body becomes flabby with age (like most of us).
This species is parasitic on other fungi occupying rotting wood.