Income Tax Expense (Tables)

12 Months Ended

Jun. 30, 2024


	Consolidated
	June 30, 2024			June 30, 2023			June 30, 2022
	A$			A$			A$
Current tax
Current tax on profits for the fiscal year		—			—			34

Total current tax expense		—			—			34

Deferred income tax
Decrease in deferred tax assets		(1,730,865	)		(2,326,468	)		244,144
Decrease in deferred tax liabilities		1,730,865			2,326,468			(244,144	)

Total deferred tax (benefit)/expense		—			—			—

Income tax expense		—			—			34


	Consolidated
	June 30, 2024			June 30, 2023			June 30, 2022
	A$			A$			A$
Numerical reconciliation of income tax expense to prima facie tax expense
Loss before income tax expense		(42,716,625	)		(39,896,348	)		(32,210,792	)
Tax at the Australian tax rate of 25% (2023 & 2022:25%)		(10,679,156	)		(9,974,087	)		(8,052,698	)
Tax effect amounts which are not deductible/(taxable) in calculating taxable income:
Non-deductible share-based payments		449,072			500,393			371,710
Other non-deductible expenses		31,997			332,523			1,485,059
Non-assessable income		(930,697	)		(828,500	)		(783,318	)
Deductible capital listing fee		(834,683	)		(507,561	)		(368,398	)
Adjustment of current tax for prior period		—			—			148,303
Difference in overseas tax rates*		6,542,761			5,442,226			4,118,372

		(5,420,706	)		(5,035,006	)		(3,080,970	)
Net adjustment to deferred tax assets and liabilities for tax losses and temporary differences not recognized		5,420,706			5,035,006			3,080,936

Income tax expense**		—			—			(34	)

Consolidated

June 30, 2024

June 30, 2023

June 30, 2022

Deferred tax assets for tax losses not recognised comprises:

Unused tax losses for which no deferred tax asset has been recognized

310,330,626

221,070,595

206,764,587

Total deferred tax assets for tax losses not recognized

58,586,607

42,042,046

43,688,958