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I spent almost half an hour watching this thing swim around a damn (read Australian for pond or lake) in the Hunter Valley. This was the clearest picture I could manage . The above kept swimming around the clumps of reeds flicking water over its back.
After about an hour of guessing around on Google to figure out what it was, I finally discovered the truth. I'll let you click here to find out. ;)
Taken August 2010 - Damn (Australian for pond) in the Hunter Valley, NSW