It was originally built for the movie and as the move was shot from one direction so the hut was only one-sided, and it soon fell into disrepair. No self respecting mountain cattleman would build his hut out on an exposed ridge like that but it did add to the view. There was an old hut over the next saddle, now long gone.
The Mansfield and CFA 4WD clubs got together a couple of years later and rebuilt the hut made it a bit more presentable, built the fence around it to keep the cattle and vermin out (include some 4WDers and motorcyclists in that), and even extended it over time. So I suppose if they now want to burn it down they can.
As you can see from Marty’s photos it is one of Australia’s spectacular views. It is a one special place when you have it to yourself, the sun casting the last of its warm glow over the hut, the moon rising over the Indian Head behind it (Mt Cobbler) and with the mist creeping up the valleys makes it to me, a very sentimental place. Even if the cold is driving you back to your tent.