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Non Current Liabilites - Convertible Note (Tables)
12 Months Ended
Jun. 30, 2023
Statement [LineItems]  
Summary of Convertible Note
    
Consolidated
 
    
June 30, 2023
    
June 30, 2022
 
    
A$
    
A$
 
Convertible note at fair value at beginning of reporting period
     1,452,950        2,526,870  
Net change in fair value
     139,048        324,736  
Transfer to contributed equity on conversion of Convertible Notes
     (461,805      (893,379
Transfer to accumulated losses on conversion of Convertible Notes
     (294,747      (505,277
    
 
 
    
 
 
 
Convertible note at fair value at end of reporting period
  
 
835,446
 
  
 
1,452,950
 
    
 
 
    
 
 
 
Summary of Fair Value of Convertible Notes
    
Note –
Liability
    
Conversion
feature –
Equity
 
Fair value at issuance
     4,419,531        41,431,774  
Fair value movements
     6,005,325        —   
Conversion to ordinary shares
     (9,589,410      (38,842,288
    
 
 
    
 
 
 
Balance at June 30, 2023
  
 
835,446
 
  
 
2,589,486
 
    
 
 
    
 
 
 
Convertible Notes [member]  
Statement [LineItems]  
Summary of Assumptions Which were Based on Market Conditions that Existed at Grant Date
Assumption
  
Convertible
notes
 
 
Rationale
Historic volatility
     85.0   Based on the Company’s historical volatility data
Share price
   $ 0.051     Closing market share price on July 31, 2015
Risk free interest rate
     2.734   Based on Australian Government securities yields which match the term of the convertible note
Risk adjusted interest rate
     15.0   An estimate of the expected interest rate of a similar
non-convertible
note issued by the company
Dividend yield
     0.0   Based on the Company’s nil dividend history