There are quite a few mushrooms that are classified as stinkhorns. Many of these are said to be edible in the egg stage. Dictyophora indusiata is however edible as the mature mushroom and it is cultivated in significant quantities in China. It is an attractive looking mushroom as shown below.
Dictyophora indusiata, Cairns, Queensland, by Steve Fitzgerald
The name refers to the net-like skirt or indusium which is a transient feature, soon falling away to reveal the stem. The mushroom is also known as Phallus indusiatus, for obvious reasons but for the purposes of this post I have retained the earlier name. This is a mushroom of tropical areas. I have not encountered it in the wild personally, though I have seen the very similar Dictyophora multicolor in Cairns. I have however encountered it in canned form in an Asian food shop in Perth.
When opened up, the contents of the can were almost pure white, odourless and contained the entire mushroom, including the cap, cut into pieces, in brine.
Like other stinkhorns, when encountered in the wild, it has a disgusting smell. Rather remarkably, this repulsive smell has been claimed to cause spontaneous female orgasms in the case of a Hawaian species! Whether that is the case or not (and I have my doubts) the canned product does not have any hint of this smell. From what I have been able to determine, the fungus is washed to remove the spore material that contains the odour components.
I cooked up some of the pieces, which contained quite a lot of water, in a frying pan with a little olive oil and then added them to an omlette. I found that the taste was best in the pieces that had been slightly browned. This may be due to the considerable amount of glucose contained in the structure of the cell walls.
I should note that one Chinese site (that is a translation) indicates that species that have a yellow veil (indusium) are toxic. That would include Dictyophora multicolor.
I report this mushroom because it does occur in Australia and it is edible. However, it might be an adventurous person who attempts to eat it. I would be interested if anyone finds this or any of the other stinkhorns, and can let me know if the smell can be removed by washing. Meanwhile, it is readily available in canned form. And if you want a genuine Chinese recipe, you might like to try this one from the site above:
“Casserole in disposable full of water and put it into the old hen, add ginger fluff block a, a teaspoon of cooking wine first and bring to a boil over high heat, low heat slowly stew. 炖鸡时，为了防止汤水溢出，可以在砂锅上架两根竹筷，再盖上锅盖。 Stewed chicken, in order to prevent the soup overflow in the casserole shelves two bamboo chopsticks, then cover the pot. 大约三小时后，鸡汤已经呈现金黄色。 After about three hours, the chicken soup has a golden yellow. 这时可以将已经用水发过的竹荪切段，投入鸡汤中，再炖，等竹荪充分浸润了鸡汤的味道后，根据个人口味加盐，关火，撒一点点葱花增香，就可上桌了。 Then you can the segment of the water has hair Dictyophora cut, put into chicken soup, then boiled, etc. Dictyophora fully infiltrating the taste of chicken soup, according to personal taste with salt, and turn off the heat, sprinkle a little chopped green onion flavoring, can be serve.