Flammulina velutipes.
This small to medium sized saprobic fungus fruits in dense clusters during winter on both exotic and indigenous fallen or standing wood. Has a sticky pale yellow to rosy-orange brown cap darker in the centae; with a distinctively velvety stem that darkens from the base upward; without a ring and having attached, close gills.
Common name: Velvet foot; Winter mushroom.
Found: Podocarp Forest
Substrate: Wood
Spore: WhiteHeight: 40 mm
Width: 30 mm
Season: Autumn to early winter
Edible: Yes, commercially cultivated
Original public domain image from Flickr