A new species of myxomycete, Lepidoderma cristatosporum, is described from Australia. This species is represented by material collected on subantarctic Macquarie Island. Photographs of fruiting bodies and morphological features as observed under light microscopy are provided, along with micrographs of spore ornamentation as observed by scanning electron microscopy. In addition, the new species is compared with other taxa belonging to the genera Lepidoderma and Diderma, especially with the type material of Lepidoderma crustaceum, a very similar species, and Diderma ochraceum and D. sauteri, two species also muscicolous, for which microphotographs are provided.