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Commitments For Expenditure
12 Months Ended
Jun. 30, 2022
Commitments For Expenditure [Abstract]  
Commitments For Expenditure

NOTE 25: COMMITMENTS FOR EXPENDITURE

(a)
Operating Leases

Operating leases related to photocopier with lease term of 4 years (2021: 5 years). The following table gives information about this lease commitment, which are not included in the lease liability due to the application of the practical expedients to exclude low value leases from lease liabilities.

 

 

 

2022
A$

 

 

2021
A$

 

Non-cancellable Operating Lease Commitments

 

 

 

 

 

 

Within one year

 

 

5,064

 

 

 

5,064

 

Later than one year but not greater than five

 

 

13,504

 

 

 

19,412

 

Later than five years

 

 

-

 

 

 

-

 

Minimum lease payments

 

 

18,568

 

 

 

24,476

 

 

 

 

(b)
Rental Agreements

The Group previously sub-lets areas of its facility, which expired on July 12, 2021. Rent received from these agreements was treated according to the accounting policy outlined in Note 2(s)(iii). The following table gives information about future rental income.

 


Future Rental Income Receivable

 

2022
A$

 

 

2021
A$

 

Within one year

 

 

-

 

 

 

6,549

 

Later than one year but not greater than five

 

 

-

 

 

 

-

 

 

 

 

-

 

 

 

6,549