v3.22.4
Income Tax (Details) - Schedule of income tax expense - AUD ($)
 12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
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)
Liabilities    
Unrealised foreign exchange gain (34,344) (49,982)
Prepaid expenses (223,953) (10,375)
Deferred tax liabilities (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
Deferred tax assets 7,426,751 4,105,610
Net deferred tax asset $ 7,168,453 $ 4,045,253