This cloud formation usually is the result of strong updraft currents during the development of thunderstorms that can reach up to heights of between 40,000-60,000 feet (or 12-18 kilometres).
This photo taken in Canberra in 2008 shows a more developed cumulonimbus incus cloud formation. (Source: Wikipedia/Wikimedia Commons) |
They can also form into super-cell thunderstorms that often result in severe weather effects such as damaging wind gusts (downbursts and microbursts), large hailstones, heavy rainfall, lightning and sometimes (although rarely in Australia) tornadoes.
For more information about these clouds, check out these links:
Wikipedia - Cumulonimbus incus
BOM Storm Spotters Guide (Part 4)
weatherquestions.com - What is an anvil cloud?