v3.22.4
Lease Liabilities (Details) - Schedule of lease liabilities - AUD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Schedule Of Lease Liabilities Abstract    
Current liability $ 51,213 $ 86,912
Non-current liability 51,213
Balance at the end of the financial year 51,213 138,125
Reconciliation of lease liabilities    
Balance at the beginning of the financial year 138,125 206,268
Lease liability recognised - new operating lease 1 [1]
Repayment of lease liability $ (86,912) $ (68,143)
[1] The consolidated entity has a 3-year lease agreement for office premises in Perth, Australia. The total payments under the lease amounting to A$299,129 were discounted at the Company’s incremental borrowing rate of 10% in order to determine the initial lease liability of A$211,191. To determine the incremental borrowing rate, third-party financing received was used as a starting point and adjusted to reflect changes in financing conditions since the third-party financing was received.