A new freshwater ascomycete genus Proboscispora is introduced to accommodate P. aquatica collected on wood submerged in streams in Australia and the Philippines. Proboscispora is characterized by having immersed, ellipsoidal, papillate ascomata, septate tapering paraphyses, cylindrical unitunicate asci with a refractive apical ring, and 3-septate, hyaline ascospores provided with coiled or proboscis-like bipolar filamentous appendages. Proboscispora aquatica is illustrated at the electron microscope level and is compared with Annulatascus, Ceratosphaeria, Ceriospora, Ceratostomella and Rivulicola, with which it shares some common characters.