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Related Party Transactions (Tables)
 12 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Transactions Occurred with Related Parties

The following transactions occurred with related parties: 

 

   Consolidated 
   30 June
2025		   30 June
2024		 
   $   $ 
Payment for other expenses:        
Interest expense on loans from directors (as part of shareholder loan and convertible note issue)*   634,150    459,340 
Interest expense on loans from controlling entity*   763    764 
Management and consulting services**   
-
    9,125 
Office Rental   48,000    
-
 
Other transactions:          
Gain on modification of loans   
-
    
-
 

 

* The interest is accrued and not paid
** During the year the Company received Management and Legal services from Asiana Trading Corporation, an entity associated with Jeff Olyniec (until December 2021), a director of the Company.
Schedule of Outstanding Balances Arising from Transactions with Related Parties

Outstanding balances arising from transactions with related parties:

 

   30 June
2025		   30 June
2024		 
   $   $ 
Receivables from related parties        
Prepayment*   33,088    33,088 
Accounts receivables**   
-
    8,250 
Total Receivables from related parties   33,088    41,338 

 

   30 June
2025		   30 June
2024		 
   $   $ 
Payables to related parties        
Payables to by key management personnel directly***   
   -
    224,488 

 

*During August 2022, the company as per agreement with Asiana Trading corporation paid first deposit for its future order. Asiana Trading Corporation is an entity associated with Jeff Olyniec, a director of the Company. The balance is included within Prepayments and other assets in the Condensed Consolidated Statement of Financial Position.

 

**During the year 30 June 2022, the Company entered into agreement with Lifestyle Breakthrough Pty Ltd. an entity associated with Nathan Givoni and Simon H. Szewach, directors of the Company for sale of goods & service. The balance is included in Trade and other receivables in the Condensed Consolidated Statement of Financial Position and the amount has been written back during the current financial year.

 

***Payables to key management personnel are included within Wages payables in note 19.
Schedule of Balances are Outstanding with Related Parties

The following balances are outstanding at the reporting date in relation to loans with related parties:

 

Loans from related parties (2024)/Directors (2023)  Consolidated 
   30 June
2025		   30 June
 2024		 
   $   $ 
Beginning of the period*   1,662,411    502,237 
Reclassify >5% holder loan as related party loan(i)   
-
    762,340 
Modification of fair value on extinguishment   
-
    
-
 
Interest accrued prior to modification   
-
    
-
 
Interest accrued during the year   549,470    397,834 
Repayments made during the period   (71,517)   
-
 
Closing Balance   2,140,364    1,662,411 

 

Loans from associated entities*  Consolidated 
   30 June
2025		   30 June
2024		 
   $   $ 
Opening balance   156,068    155,304 
Interest charged   645    764 
    156,713    155,068 
Convertible notes from Related Parties (2024)/Directors* (2023)  Consolidated 
   30 June
2025		   30 June
2024		 
   AUD$   AUD$ 
         
Opening Balance   759,678    76,485 
Reclassify >5% holder convertible note as related party loan(i)   287,886    328,928 
Proceeds from convertible note issue   
-
    301,150 
Repayments during the year   (327,490)   53,115 
Interest accrued during the year   73,012    53,115 
Closing Balance   793,086    759,678 

 

*The Convertible Notes from directors relates to:

 

●For 2024, convertible notes received from an entity related to Nathan Givoni, Executive Director, and Jeffrey Olyniec, Non-Executive Director.

 

●For 2025, convertible notes received from an entity related to Nathan Givoni, Executive Director.

 

(i)Include convertible notes from shareholders holding more than 5% of issued capital not previously included as related party loan