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Non Current Liabilites - Convertible Note (Tables)
12 Months Ended
Jun. 30, 2024
Statement [LineItems]  
Summary of Convertible Note
 
 
  
Consolidated
 
 
  
June 30, 2024
 
  
June 30, 2023
 
 
  
A$
 
  
A$
 
Convertible note at fair value at beginning of reporting period
     835,446        1,452,950  
Net change in fair value
     125,317        139,048  
Transfer to contributed equity on conversion of Convertible Notes
     —         (461,805
Transfer to accumulated losses on conversion of Convertible Notes
     —         (294,747
  
 
 
    
 
 
 
Convertible note at fair value at end of reporting period
  
 
960,763
 
  
 
835,446
 
  
 
 
    
 
 
 
Summary of Fair Value of Convertible Notes
 
  
 
 
  
Conversion
 
 
  
Note –
 
  
feature –
 
 
  
Liability
 
  
Equity
 
Fair value at issuance
     4,419,531        41,431,774  
Fair value movements
     6,130,642        —   
Conversion to ordinary shares
     (9,589,410      (38,842,288
  
 
 
    
 
 
 
Balance at June 30, 2024
  
 
960,763
 
  
 
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