FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Jun. 30, 2024

Notes and other explanatory information [abstract]

SCHEDULE OF FINANCIAL ASSETS AND LIABILITIES IN FOREIGN CURRENCIES

The Company’s exposure to foreign currency risk at the end of the reporting period, expressed in Australian dollar, was as follows:

	June 30, 2024															June 30, 2023
	USD			CAD			EUR			GBP			NZD			USD			CAD			EUR			GBP
	A$			A$			A$			A$			A$			A$			A$			A$			A$
Cash at Bank / on hand		492,038			38,571			129,130			124,588			39,600			1,296,082			10,766			100,369			41,858
Trade and other receivables		82,717			20,388			41,303			36,324			6,142			611,193			11,252			17,690			26,376
Trade and other payables		(559,850	)		(4,557	)		(262,179	)		(50,810	)		(3,553	)		(455,167	)		(3,795	)		(151,327	)		(31,441	)

SCHEDULE OF MATURITIES OF FINANCIAL LIABILITIES

The tables below analyze the Company’s financial liabilities into relevant maturity groupings based on their contractual maturities. The amounts disclosed in the table are the contractual undiscounted cash flows.

Contractual maturities of	Less than 6 months		6 – 12 months		Between 1 and 2 years		Between 2 and 5 years		Over 5 years		Total contrac- tual cash flows		Carrying amount (assets)/ liabilities
financial liabilities	A$		A$		A$		A$		A$		A$		A$
At June 30, 2024
Trade and other payables		1,797,753		232,770		-		-		-		2,030,523		2,030,523
Borrowings		643,546		-		-		-		-		643,546		643,546
Lease liabilities		147,761		63,113		22,068		1,853		-		234,795		231,643
Total		2,589,060		295,883		22,068		1,853		-		2,908,864		2,905,712

Contractual maturities of	Less than 6 months		6 – 12 months		Between 1 and 2 years		Between 2 and 5 years		Over 5 years		Total contrac- tual cash flows		Carrying amount (assets)/ liabilities
financial liabilities	A$		A$		A$		A$		A$		A$		A$
At June 30, 2023
Trade and other payables		1,617,333		-		-		-		-		1,617,333		1,617,333
Lease liabilities		158,316		161,154		208,957		21,636		1,817		551,880		532,846
Total		1,775,649		161,154		208,957		21,636		1,817		2,169,213		2,150,179

SCHEDULE OF EXPOSURE TO INTEREST RATE RISKS AND EFFECTIVE INTEREST RATES OF FINANCIAL ASSETS AND LIABILITIES

The exposure to interest rate risks and the effective interest rates of financial assets and liabilities, both recognized and unrealized, for the Company is as follows:

			Floating rate		Fixed rate		Carrying amount		Weighted average effective rate			Average maturity Period
	Year		A$		A$		A$		%			Days
Financial assets
Cash at bank / on hand		2024		84,148		936,460		1,020,608		3.51		At call
		2023		1,516,646		6,334,551		7,851,197		4.46		At call
Bonds / deposits		2024		-		18,790		18,790		-		At call
		2023		-		17,440		17,440		-		At call
Totals		2024		1,516,646		6,351,991		7,868,637
		2023		1,516,646		6,351,991		7,868,637
Financial liabilities
Borrowings		2024		-		643,546		643,546		16	%	287 days
		2023		-		-		-		-		-
Leases		2024		-		231,643		231,643		4.77	%	-
		2023		-		532,846		532,846		4.77	%	-
Totals		2024		-		875,189		875,189
		2023		-		532,846		532,846