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Income tax benefit (Tables)

12 Months Ended

Jun. 30, 2018

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Summary of income tax benefit


		Consolidated
		2018				2017				2016
		A$’000				A$’000				A$’000

Numerical reconciliation of income tax benefit and tax at the statutory rate
Loss before income tax benefit			(6,344	)			(10,869	)			(12,155	)

Tax at the statutory tax rate of 27.5% (2017: 27.5%, 2016: 30%)			(1,745	)			(2,989	)			(3,646	)

Tax effect amounts which are not deductible/(taxable) in calculating taxable income:
Impact of foreign tax rate differential			—				—				44
Research and Development claim			605				1,282				1,479
Capitalised expenses			—				234				79
Employee option plan			46				131				112
Gain/loss on revaluation of contingent consideration			(402	)			210				—
Other non-deductible expenses			—				5				(317	)

			(1,496	)			(1,127	)			(2,249	)
Prior year tax losses not recognised now recouped			—				(1	)			—
Tax losses and timing differences not recognised			1,191				929				2,249

Income tax benefit			(305	)			(199	)			—


		2018				2017				2016
		A$’000				A$’000				A$’000
Tax losses not recognised
Unused tax losses for which no deferred tax asset has been recognised-Australia			50,331				49,131				59,909
Potential tax benefit @ 27.5% (2017: 27.5%, 2016: 30%)-Australia			13,841				13,513				17,973
Unused tax losses for which no deferred tax asset has been recognised-US			2,525				2,173				2,100
Potential tax benefit at statutory tax rates@21%-US			530				456				714