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Subsequent Events
12 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events

 9. Subsequent Events

 

Subsequent to September 30, 2022, the Company:

 

  ●  Ms. Juliana Tan resigned from the Board of Directors, effective December 23, 2022.
     
  ●  On October 1, 2022, Mr. Andrew Liang signed a formal agreement with the Company to perform services of a Chief Executive Officer. Mr. Liang shall be issued 30,000,000 shares at the start of the contract. This is calculated as 10,000,000 shares for every year of this consulting agreement. Should the contract be terminated early, then the company has the right to purchase back a pro-rata portion of the 30,000,000 shares based on time served out of the 36-month contract. As of this filing date, the 30,000,000 shares have been approved but remain unissued.
     
  ●  Mr. Thomas Chang was granted a maximum of 1,000,000 shares per annum subject to performance in fiscal years 2021/2022, 2022/2023 and 2023/2024 to a total of 3,000,000 shares. 1,000,000 shares were issued during the 2021/2022 fiscal year. As of this filing date, the remaining 2,000,000 shares have been approved but remain unissued.
     
  On December 5, 2022, the Company entered into a Promissory Loan Note with Mr. Andrew Liang, in the amount of US$20,000, with a maturity date of December 5, 2023. The loan will accrue interest at the rate of 10% per annum.
     
  ●  On February 28, 2023, the Company entered into a Promissory Loan Note with MI Labs Pty Ltd, in the amount of US$50,000, with a maturity date of February 28, 2024. The loan will accrue interest at the rate 10% per annum.
     
  ●  On March 29, 2023, the Company issued 67,750 shares to settle accounts payable debt.
     
  ●  On March 29, 2023, the Company issued 169,380 shares for the settlement of debt totaling $16,938.

  

The Company has evaluated events occurring subsequent to September 30, 2022 through to the date these financial statements were issued and has identified no additional events requiring disclosure.