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Current Liabilities - Trade and Other Payables
 12 Months Ended
Dec. 31, 2022
Current Liabilities - Trade and Other Payables [Abstract]  
Current liabilities - trade and other payables

Note 15. Current liabilities - trade and other payables

 

   Consolidated   Consolidated 
   2022   2021   2022 
   AUD$   AUD$   $ 
             
Trade payables   299,289    214,778    203,322 
Other payables   1,309,557    936,677    889,644 
                
    1,608,846    1,151,455    1,092,966 

 

Refer to notes 2 and 24 for further information on financial instruments.

 

Amounts noted above in other payables include amounts payable to Directors for wages payable.

 

Accounting policy for trade and other payables

 

These amounts represent liabilities for goods and services provided to the company prior to the end of the financial year and which are unpaid. Due to their short-term nature, they are measured at amortised cost and are not discounted. The amounts are unsecured and are usually paid within 30 days of recognition.