Schedule
of Components of Income Tax Expense
| | |
2024 | | |
2023 | |
| | |
| AUD$ | | |
| AUD$ | |
| (Loss)/Net Profit before Tax | |
| (20,917,260 | ) | |
| 1,954,848 | |
| Tax | |
| 25 | % | |
| 25 | % |
| Income tax benefit computed at the statutory tax rate | |
| (5,229,315 | ) | |
| 488,712 | |
| Less: | |
| | | |
| | |
| Tax offset of Research & Development incentive | |
| - | | |
| 115,960 | |
| Tax adjustment of transaction cost to be amortized over the time | |
| (5,584,202 | ) | |
| - | |
| Recoupment of prior year tax losses not previously brought to account | |
| 41,466 | | |
| 262,874 | |
| Income tax expense | |
| 313,421 | | |
| 109,878 | |
|