Current liabilities - trade and other payables

12 Months Ended

Dec. 31, 2024

Current Liabilities - Trade and Other Payables [Abstract]

Current liabilities - trade and other payables

Note 16. Current liabilities - trade and other payables

	Consolidated
	As of		As of
	December 31,		December 31,
	2024		2023
	$		$
Trade payables		274,380		501,424
Other payables		959,274		918,595
		1,233,654		1,420,019

Refer to notes 2 and 25 for further information on financial instruments.

Amounts noted above in other payables include amounts payable to Directors for wages payable.

Accounting policy for trade and other payables

These amounts represent liabilities for goods and services provided to the company prior to the end of the financial year and which are unpaid. Due to their short-term nature, they are measured at amortised cost and are not discounted. The amounts are unsecured and are usually paid within 30 days of recognition.