(b) Reconciliation to Accounting Loss

2022
A$

2021
A$

2020
A$

Loss from continuing operations

(21,951,166

)

(8,884,464

)

(6,026,587

)

Tax at the Australian tax rate of 25% (2021 & 2020: 30%)

(5,487,792

)

(2,665,339

)

(1,807,976

)

Tax effect of non-deductible / non-assessable amounts

Exempt income from government assistance

(1,447,922

)

(293,422

)

(898,680

)

Entertainment expenses

1,231

727

1,355

Net gain arising on changes in fair value of contingent consideration

234,089

(963,751

)

(1,447,162

)

Share-based payments

707,422

392,505

16,607

Research and development expenditure

3,328,556

640,050

2,013,477

Amortisation of share issue costs

(285,631

)

-

-

Temporary differences not recorded as an asset

(58,374

)

(632,779

)

(68,181

)

Tax losses not recorded

2,779,547

3,253,265

1,981,695

Effect of different tax rates in other jurisdictions

37,066

81,317

1,253

(191,808

)

(187,427

)

(207,612

)

2022
A$

2021
A$

(c) Net Deferred Tax Liability Recognised

Net deferred tax liability is attributable to the following deferred tax asset/(liability) items:

Intangibles denominated in USD

(2,066,037

)

(2,088,608

)

Tax losses denominated in USD

267,412

246,305

(1,798,625

)

(1,842,303

)

Movement in Net Deferred Tax Liability

Opening balance

(1,842,303

)

(2,203,340

)

Recognized in income

- Continuing operations

191,808

187,427

- Discontinuing operations

-

-

Recognized in equity

(148,130

)

173,610

Derecognized on disposal of subsidiaries (Note 35)

-

-

Closing balance

(1,798,625

)

(1,842,303

)