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Income Tax Expense
 12 Months Ended
Dec. 31, 2022
Income Tax Expense [Abstract]  
Income tax expense

Note 9. Income tax expense

 

   Consolidated   Consolidated 
   2022   2021   2020   2022 
   AUD$   AUD$   AUD$   $ 
                 
Numerical reconciliation of income tax expense and tax at the statutory rate                
Loss before income tax expense   (327,483)   (2,695,679)   (2,781,899)   (222,475)
                     
Tax at the statutory tax rate of 27.5% (Australian company tax rate)   (90,058)   (741,312)   (765,022)   (61,181)
                     
Tax effect amounts which are not deductible/(taxable) in calculating taxable income:                    
Share-based payments   85,045    61,372    43,978    57,775 
Other temporary differences not recognised   18,999    689,106    721,044    12,907 
                     
Income tax expense   13,986    9,166    
-
    9,501 

 

Deferred tax assets relating to temporary differences and unused tax losses are recognised only to the extent that is it probable that future taxable profits will be available against which the benefits of the deferred tax asset can be utilised