Gramastacus lacus sp. n., is described from coastal lowlands of the Central and Mid North Coast regions of New South Wales, Australia. Gramastacus lacus has a restricted distribution in ephemeral habitats, being dependent on regular natural flooding and drying cycles, and burrows for survival during temporary dry cycles. Documented are population distributions in lowland habitats (3–48 m, a.s.l.) from Wamberal Lagoon, north along the coastal strip to Wallis Lake. The species is small, reaching a maximum weight of 7 grams and 21.3 mm OCL, and distinguished by a large male genital papilla, large raised post orbital ridges, laterally compressed carapace and elongated chelae.