Junionia villida

The Meadow Argus Butterfly lives in a wide variety of open and lightly-wooded habitats throughout Australia. It has brown and orange-yellow wings with prominent blue ‘eyespots’.

The eyespots are a defence mechanism that are not only used to frighten predators away, but also to confuse the predators into thinking that the eyespots are the target, allowing the butterfly to escape with only a small part of the wing being lost. From: https://en.wikipedia.org/wiki/Meadow_argus

The Meadow Argus is a low-flying butterfly whose larvae feed on host plants such as Goodenia, Scaevola, Convolvulus and others.

It can be found throughout Baw Baw Shire and is part of the rich biodiversity of the region.