In over 20 years of active trading in Australiana, we've never seen this fella before. After extensive research, an example was found in one Australiana reference book, but was very poorly decorated in unattractive brown and cream, seemingly painted entirely at random.
Rare c1940 studio pottery vase from Newtone pottery, Sydney. Embossed koala and gum leafs vase, fashioned as a stump/log. Hand decorated, original sticker, excellent untouched condition. Height 13.5 cm. $995 Shop 27