Income Tax (Tables)

12 Months Ended

Jun. 30, 2022

Disclosure Of Income Tax Text Block Abstract

Schedule of income tax expense

		Restated 2022				2021
		A$				A$
a) Income tax expense
Current income tax
Current income tax benefit			(2,651,576	)			(1,072,354	)
Current income tax not recognised			2,651,576				1,072,354
Research and development tax concession			(890,113	)			(784,412	)
Deferred income tax:
Relating to origination and reversal of timing differences			7,168,453				4,045,253
Deferred income tax benefit not recognised			(7,168,453	)			(4,045,253	)
Income tax benefit reported in the Statement of profit or loss and other comprehensive income			(890,113	)			(784,412	)

b) Reconciliation of income tax expense to prima facie tax payable
Loss from continuing operations before income tax expense			(20,852,831	)			(14,060,992	)

Tax at the Australian rate of 25% (2021: 26%)			(5,213,208	)			(3,655,858	)
Capital raising costs claimed			(301,743	)			(39,705	)
Non-deductible expenses			2,017,457				1,984,541
Research and development tax concession			(890,113	)			(784,412	)
Unused tax losses and temporary differences not recognised as deferred tax assets			4,138,764				1,711,022
Tax benefit			(248,842	)			(784,412	)

c) Deferred tax – Statement of Financial Position (unrecognised)
Liabilities
Unrealised foreign exchange gain			(34,344	)			(49,982	)
Prepaid expenses			(223,953	)			(10,375	)
			(258,297	)			(60,357	)
Assets
Revenue losses available to offset against future taxable income			5,428,055				2,776,480
Accrued expenses and leave provisions			199,877				145,076
Deductible equity raising costs			1,139,489				123,406
Lease liability			4,004				8,133
Development asset			246,503				185,706
Patents			243,403				176,402
Investments			165,420				690,407
			7,426,751				4,105,610
Net deferred tax asset			7,168,453				4,045,253