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Derrinallum is a town in Victoria, Australia, located on the Hamilton Highway, in the Corangamite Shire. The town is the centre for the surrounding farming community and lies at the foot of Mount Elephant.
Mount Elephant is a 380 m-high conical breached scoria cone formed by an extinct volcano.
At the 2001 census, Derrinallum had a population of 266.
At the 2006 census, Derrinallum had a population of 557.
The Post Office opened on 7 December 1868 but was named Tooliorook until 1873.The town, in conjunction with neighbouring township Lismore, has an Australian Rules football team, Lismore-Derrinallum, competing in the Mininera & District Football League.
Derrinallum P12 College is a co-educational state school in the town. The school is constantly having new students arrive and settle into the community.
Derrinallum features a FoodWorks supermarket, hardware store and nursery, a post office, a newsagent, a fish and chip shop (Derri Takeaway), a pub, a motel, a Shell service station, two mechanics, a library, a Red Cross shop, a rural supplies business and a cafe. The town had an ANZ Bank until it closed in November 2014.
The main street also hosts a war memorial, history rooms and community information centre called DISC, which is also the local Centrelink resource centre.
Over summer, running from October to March, the town hosts a country farmer's market on the third Sunday of the month.The local Country Fire Authority (CFA) in Derrinallum has a variety of equipment, including two fire trucks.