Lactarius deliciosus, Saffron Milk Cap, belongs to the family Russulaceae. Lactarius species exude latex (milky fluid) when cut. When cut, the latex stains the brittle flesh bright orange. This is an introduced species that forms a mycorrizal association (symbiotic fungal dependency) with introduced pines.
The cap is convex (rounded or domed) at first, with a central depression, becoming broadly funnel-shaped. Surface texture is smooh and dry, but is often viscid (slimy) when wet. Spore print is pale yellow, and cap can reach 160mm diameter.
This species is reported to be edible with the correct preparation, but I can not vouch for its palatability. I am unsure as to the distribution of Lactarius deliciosus.
Illustrating the sometimes apricot cap and circles of colour
[This will be updated with more sightings]
Hanging Rock, New England region of NSW - in and near pine plantations: Mar, Apr, May.
An aged specimen with a matchbox for size comparison