Wildlife Spotting

I was on one of my trips to the Blue Mountains NSW Australia and saw this Fungi on the branch of a dead tree just off the walkway to one of the main lookouts in Katoomba. The sun was shining through it and is stood out like a light on the branch, the colour is exactly as it appears in the image, it was about 4cm in length and 1.5cm at its highest point from the branch. I didn't touch it so its texture I am not sure about but it appeared to be soft. It had been raining for about a week before the sighting on and off and on the day the sun was in and out of the clouds, it was muggy day in January and we found a lot of other fungi on the same day. I use the Atlas of Living Australia and Australian Museum to identify my images but was unable to find a match for this fungi so hope that someone can help.