v3.22.4
Interest Bearing Borrowings
 12 Months Ended
Jun. 30, 2022
Interest Bearing Borrowings Abstract  
Interest bearing borrowings
Note 16Interest bearing borrowings

 

   2022   2021 
   A$   A$ 
Current        
Convertible notes-ACAM1   
   -
    1,644,081 
Convertible notes-iGGF1   
-
    534,061 
Total convertible notes   
-
    2,178,142 
R&D tax prepayment loan2   700,000    
-
 
Other loans3   410,171    
-
 
    1,110,171    2,178,142 

 

1The Convertible Notes were settled through a debt for equity swap whereby the lenders were repaid in full by receiving ordinary shares in the Company in full and final satisfaction of the debt owed. Refer Note 18 c) where the Company issued 3,010,410 ordinary shares valued at A$3,125,964.

2The Company received a $700,000 R&D tax prepayment loan from R&D Capital Partners Pty Ltd. The loan attracts interest at a rate of 1.15% per month and has been repaid in full in the current financial year from the 2022 R&D Grant.

3Other loans are unsecured and interest bearing. These loans were repaid in full in the current financial year.