Deferred Tax Balances (Tables)

12 Months Ended

Jun. 30, 2024

The balance comprises temporary differences attributable to:


	Consolidated
	June 30, 2024			June 30, 2023
	$			$
Employee benefits		110,314			97,869
Accruals		226,174			269,178
Unrealized exchange loss		1,085,910			—
Unused tax loss		217,627			3,003,843
Set-off of deferred tax liabilities pursuant to set-off provisions		(1,640,025	)		(3,370,890	)

Net Deferred tax assets		—			—

Deferred tax liabilities

(ii) Deferred tax liabilities

The amount of deferred tax liability represents the temporary difference that arose on the recognition of Intangibles recorded in the subsidiary company in France. This has been

set-off

against deferred taxes in the subsidiary company, accordingly, hence reducing the unrecognized tax losses for both the France subsidiary and the consolidated Group. The balance comprises temporary

differences

attributable to:


	Consolidated
	June 30, 2024			June 30, 2023
	$			$
Intangible assets		1,637,234			938,026
Unrealized exchange gain		—			2,432,357
Accrued income		2,791			507

Total deferred tax liabilities		1,640,025			3,370,890
Set-off of deferred tax liabilities pursuant to set-off provisions		(1,640,025	)		(3,370,890	)

Net deferred tax liabilities		—			—

Movements in Deferred Tax Balances

(iii) Movements in deferred tax balances


	Deferred Tax			Deferred Tax
	Asset			Liability			Total
Movements	$			$			$
At June 30, 2023		3,370,890			(3,370,890	)		—
(Charged)/credited to profit or loss		(1,730,865	)		1,730,865			—

At June 30, 2024		1,640,025			(1,640,025	)		—