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Reserves (Tables)
12 Months Ended
Jun. 30, 2022
Disclosure of reserves within equity [abstract]  
Summary of Reserves

 

 

2022
A$

 

 

2021
A$

 

Foreign Currency Translation Reserve (a)

 

 

6,186,334

 

 

 

5,119,200

 

Share-based Payments Reserve (b)

 

 

6,337,264

 

 

 

6,328,691

 

Total Reserves

 

 

12,523,598

 

 

 

11,447,891

 

 

(a)
Foreign Currency Translation Reserve

Exchange differences arising on translation of the foreign controlled entities are taken to the foreign currency translation reserve, as described in Note 2(i). The reserve is recognised in profit or loss when the investment is disposed of.

 

(b)
Share-based Payments Reserve

The share-based payments reserve is used to recognise the fair value of options and warrants issued over the vesting period or the period of the Consultancy Agreement, as applicable. Further information about share-based payments is set out in Note 21.