v3.26.1
Related Party Transactions (Tables)
 6 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Schedule of Transactions Occurred with Related Parties

The following transactions occurred with related parties:

 

   Consolidated 
   31 December
2025		   30 June
2025		 
   $   $ 
Payment for other expenses:        
Interest expense on loans from directors (as part of shareholder loan issue)*   339,121    634,150 
Interest paid to commonly controlled entity*   
-
    763 
Management and consulting services**   
-
    48,000 

 

* The interest is accrued and not paid.

 

** During the year the Company received Management and Legal services from Asiana Trading Corporation, an entity associated with Jeff Olyniec (until December 2021), a director of the Company.
Schedule of Outstanding Balances Arising from Transactions with Related Parties

Outstanding balances arising from transactions with related parties:

 

   Consolidated   Consolidated 
Receivables from related parties  31 December
2025		   30 June
2025		 
   $   $ 
Prepayment*   33,088    33,088 

 

●*During August 2022, the company as per agreement with Asiana Trading corporation paid first deposit for its future order. Asiana Trading Corporation is an entity associated with Jeff Olyniec, a director of the Company who resigned on 30 September 30, 2025. The balance is included within Prepayments and other assets in the Condensed Consolidated Statement of Financial Position.
   
Schedule of Balances are Outstanding with Related Parties

The following balances are outstanding at the reporting date in relation to loans with related parties:

 

   Consolidated 
Loans from related parties  31 December
2025		   30 June
2025		 
   $   $ 
Beginning of the period   2,140,364    1,662,411 
Interest accrued during the year   293,707    549,470 
Repayments made during the period   
-
    (71,517)
Closing Balance   2,434,071    2,140,364 
   Consolidated 
Loans from associated entities  31 December
2025		   30 June
2025		 
   $   $ 
Opening balance   156,713    156,068 
Interest charged   500    645 
    157,213    156,713 
   Consolidated 
   31 December
2025		   30 June
2025		 
Opening Balance   793,085    759,678 
Proceeds from convertible note issue   
-
    287,886 
Interest accrued   31,049    73,011 
Repaid during the year   
-
    (327,490)
Closing Balance   824,134    793,085