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Income tax benefit (Tables)

12 Months Ended

Jun. 30, 2020

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Summary of income tax benefit


		2020				2019				2018
		A$’000				A$’000				A$’000

Numerical reconciliation of income tax benefit and tax at the statutory rate
Loss before income tax benefit			(12,765	)			(10,568	)			(6,344	)

Tax at the statutory tax rate of 27.5%			(3,511	)			(2,906	)			(1,745	)

Tax effect amounts which are not deductible/(taxable) in calculating taxable income:			—				—				—
Impact of foreign tax rate differential
Research and Development claim			280				394				605
Capitalised expenses			—				—				—
Employee option plan			72				67				45
Gain/loss on revaluation of contingent consideration			131				17				(401	)
Other non-deductible expenses			—				—				—
			(3,028	)			(2,428	)			(1,496	)

Prior year tax losses not recognised now recouped			—				—				—
Tax losses and timing differences not recognised			2,730				2,130				1,191

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


		2020				2019				2018
		A$’000				A$’000				A$’000
T ax losses not recognised
Unused tax losses for which no deferred tax asset has been recognised-Australia			67,430				57,050				50,331
Potential tax benefit @ 27.5 % - Australia			18,543				15,689				13,841
Unused tax losses for which no deferred tax asset has been recognised-US			1,570				2,366				2,525
Potential tax benefit at statutory tax rates@21 %-US			330				497				530