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Cash and Cash Equivalents
12 Months Ended
Jun. 30, 2023
Cash and cash equivalents [abstract]  
Cash and Cash Equivalents

NOTE 8: CASH AND CASH EQUIVALENTS

Cash at the end of the financial year as shown in the statements of cash flows is reconciled to items in the Consolidated Statement of Financial Position as follows:

 

 

2023
A$

 

 

2022
A$

 

Current

 

 

 

 

 

 

Cash at bank and on hand

 

 

18,250,255

 

 

 

33,564,857

 

 

 

18,250,255

 

 

 

33,564,857

 

 

The weighted average interest rate on these deposits is 3.2% per annum (2022: 1.15% per annum).