Built by the Wallace Brothers (Arthur, William and Stewart) in 1889 from slabs of snow gum, the National Trust-listed Wallace's Hut is the oldest Cattleman's hut remaining in the Alpine National Park.

Much of the hut's furniture dates back to this time, including the bush table, shelving and mantlepiece. In the 1930s, it was taken over by the State Electricity Commission for use as a workers' hut. Its woollybutt roof shingles were covered in corrugated iron at this time, although can still be seen from inside.

Nestled amongst gnarled Snow Gums the hut sits on a flat grassy plain and is just a short walk (700m) along a gradually sloping gravel trail from a carpark on the Great Alpine Road.

Today, Wallace's Hut is used as an emergency shelter for hikers, and it's a popular place to picnic on a bushwalk.