Queensland, Australia, north coast, February 15, 2004, courtesy of Andre
I suspect the caterpillars, which feed on various Wattles (Acacia), Dogwood (Jacksonia scoperia), Ribbon Pea (Leptosema aphyllum), Gastrolobium tetragonophylla and Roses (Rosa odorata), can give a nasty sting.
The moths are not nearly as spectacular as the caterpillars:
(Specimen: courtesy of the Macleay Museum, University of Sydney)
from Don Herbison-Evans ( donherbisonevans@yahoo.com )
&Stella Crossley ( Stella.Crossley@med.monash.edu.au )
"The species occurs in Queensland, the Northern Territory, and the northern half of Western Australia."