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Trade and Other Payables
 12 Months Ended
Jun. 30, 2022
Trade and other payables [abstract]  
Trade and Other Payables

NOTE 17: TRADE AND OTHER PAYABLES

 

 

 

2022
A$

 

 

2021
A$

 

Current

 

 

 

 

 

 

Trade payables

 

 

1,556,881

 

 

 

1,028,744

 

Accrued expenses

 

 

1,229,399

 

 

 

785,646

 

 

 

 

2,786,280

 

 

 

1,814,390

 

 

The average credit period on purchases of goods is 45 days. No interest is paid on the trade payables. The Group has financial risk management policies in place to ensure that all payables are paid within the credit timeframe.