Melaleuca leucadendra

Melaleuca leucadendra, commonly known as weeping paperbark, long-leaved paperbark or white paperbark is a species of woody plant in the myrtle family Myrtaceae, and is widespread in northern Australia, New Guinea and parts of Indonesia. It grows as a tree to more than 20 m (70 ft) with a trunk covered with thick, white, papery bark and weeping thinner branches. It has a long flowering season, can flower at almost any time of the year and is often grown as a tree in parks and on roadsides. It was the first melaleuca to be described and was described from a specimen growing in Indonesia.

from Wikipedia