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INCOME TAXES (Details 1) - USD ($) | 12 Months Ended
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Jun. 30, 2016 | Jun. 30, 2015
Income Tax Expense (Benefit) at Australia Statutory Rate | $ (2,190,750) | $ (672,087)
Expenses Paid by Parent on Behalf of Foreign Subsidiary | 1,113,419 | 156,410
R&D Refundable Tax Credit | (72,538) | (77,470)
Reduction of NOL Carryforward Due to R&D Tax Credit | 72,538 | 77,470
Change in Deferred Tax Valuation Allowance | 900,761 | (355,636)
Foreign Exchange Rate Changes | 104,032 | 793,843
Income Taxes Expense (Benefit) | $ (72,538) | $ (77,470)
Income Tax Expense (Benefit) at Australia Statutory Rate, Impact on Rate | (23.10%) | (19.26%)
Expenses paid by parent on behalf of foreign subsidiary, Impact on Rate | 11.74% | 4.48%
R&D Refundable Tax Credit, Impact on Rate, Impact on Rate | (0.76%) | (2.22%)
Reduction of NOL Carryforward Due to R&D Tax Credit, Impact on Rate | 0.76% | 2.22%
Change in deferred Tax Valuation Allowance, Impact on Rate | 9.50% | (10.19%)
Foreign Exchange Rate Changes, Impact on Rate | 1.10% | 22.74%
Total Income Tax Expense (Benefit), Impact on Rate | (0.76%) | (2.22%)

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