The Island Archway, Loch Ard Gorge, Victoria
This is a shot of the same rock as the previous page, but from a different angle (feel free to convince yourself—take a look at the white layer above the arch). You can't tell me this doesn't look like an elephant, at least from this angle. However, if you take another look at the signage, you'll see that this rock is definitely not Elephant Rock. There's a lot of confusion about this, even on Wikipedia.
The signage shows Elephant Rock as being the right-hand (west) side of Loch Ard Gorge itself. I agree that the tip of that formation looks like an elephant's trunk, and the whole right side looks like an elephant's head (looking down from above). So it looks like we have two formations that look like elephants (or parts thereof, as the case may be). What are the odds? Nonetheless, this is The Island Archway and not Elephant Rock.