Far right protesters opposed to Yarra Council's decision to ban Australia Day have stormed a council meeting.

Nine protesters from the Party for Freedom group, armed with megaphones and clutching signs reading "Love it, or leave it", gathered out the front of the Richmond Town Hall just after 7pm on Tuesday to rally against the controversial decision.

Neil Erikson, who had been convicted in court earlier in the day for his role in staging a mock beheading to protest a Bendigo mosque, was among the protesters who stormed the council chamber holding a megaphone.

Hours after being found guilty and fined in court, Erikson led protesters into the council chamber, Yarra councillor Stephen Jolly said.