This rather ugly looking but harmless creature is known as an Ogre-faced Spider. 
They are found in the Burnett Mary region in forest habitat, and sometimes in urban
environments.  They have excellent eyesight, with those huge, forward facing eyes helping it to see at night.

They are also known as Net-casting Spiders, due to their unique way of catching their prey. They make a small web in the form of a net held by the front legs that can be stretched out wide to envelop an unwary insect that passes by.  The net is a
blueish-white square of wool-like silk, whose coiled lines are designed to stretch and entangle prey. When an insect walks by, the spider plunges its net downward to
envelop and entangle it.

When at rest, the spider hangs from vegetation with its head downwards, its long body and long, thin front and back legs held together on each side, giving the spider a
stick-like appearance.