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Income tax benefit

12 Months Ended

Jun. 30, 2021

Text block [abstract]

Income tax benefit

Note 8. Income tax benefit


		2021				2020				2019
		A$’000				A$’000				A$’000

Numerical reconciliation of income tax benefit and tax at the statutory rate
Loss before income tax benefi t			(8,906	)			(12,765	)			(10,568	)

Tax at the statutory tax rate of 26% (2020 & 2019 27.5%)			(2,316	)			(3,511	)			(2,906	)

Tax effect amounts which are not deductible/(taxable) in calculating taxable income:
Research and Development claim			—				280				394
Amortisation of intangibles			348				298				—
Employee option plan			175				72				67
Gain/loss on revaluation of contingent consideration			707				131				17

			(1,086	)			(2,730	)			(2,428	)
Adjustment to deferred tax balances as a result of change in statutory tax rate			(186	)			—				—
Tax losses and timing differences not recognised			788				2,432				2,130

Income tax benefit			(484	)			(298	)			(298	)


		2021				2020				2019
		A$’000				A$’000				A$’000
Tax losses not recognised
Unused tax losses for which no deferred tax asset has been recognised-Australia			70,896				67,430				57,050
Potential tax benefit @ 26.0% (2020 27.5%)- Australia			18,433				17,531				15,689
Unused tax losses for which no deferred tax asset has been recognised-US			2,038				1,570				2,366
Potential tax benefit at statutory tax rates@21%-US			428				330				497