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Current Assets - Cash and Cash Equivalents

12 Months Ended

Dec. 31, 2022

Disclosure Of Cash And Cash Equivalents Text Block [Abstract]

Current assets - cash and cash equivalents

Note 10. Current assets - cash and cash equivalents and restricted cash

		Consolidated								Consolidated
		2022				2021				2022
		AUD$				AUD$				$
Cash and cash equivalents			18,917,416				3,947,156				12,851,506
Restricted cash			59,126				49,144				40,166
Cash at bank			18,976,542				3,996,300				12,891,672

Accounting policy for cash and cash equivalents

Cash and cash equivalents include cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Restricted cash represents deposits with banks which are used mainly as a security for guarantees provided against facilities lease agreement.

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- Definition

The disclosure of cash and cash equivalents. [Refer: Cash and cash equivalents]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References

No definition available.

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