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Income tax benefit

12 Months Ended

Jun. 30, 2019

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Income tax benefit

Note 8. Income tax benefit


		2019				2018				2017
		A$’000				A$’000				A$’000

Numerical reconciliation of income tax benefit and tax at the statutory rate
Loss before income tax benefit			(10,568	)			(6,344	)			(10,869	)

Tax at the statutory tax rate of 27.5%			(2,906	)			(1,745	)			(2,989	)

Tax effect amounts which are not deductible/(taxable) in calculating taxable income:			—				—				—
Impact of foreign tax rate differential
Research and Development claim			394				605				1,282
Capitalised expenses			—				—				234
Employee option plan			68				45				131
Gain/loss on revaluation of contingent consideration			17				(402	)			210
Other non-deductible expenses			—				—				5
			(2,428	)			(1,496	)			(1,127	)

Prior year tax losses not recognised now recouped			—				—				(1	)
Tax losses and timing differences not recognised			2,130				1,191				930

Income tax benefit			(298	)			(305	)			(199	)


		2019				2018				2017
		A$’000				A$’000				A$’000
Tax losses not recognised
Unused tax losses for which no deferred tax asset has been recognised-Australia			57,050				50,331				49,131
Potential tax benefit @ 27.5% - Australia			15,689				13,841				13,513
Unused tax losses for which no deferred tax asset has been recognised-US			2,366				2,525				2,173
Potential tax benefit at statutory tax rates@21%-US			497				530				456