INCOME TAXES (Details 1) - USD ($)
|
12 Months Ended |
Jun. 30, 2016 |
Jun. 30, 2015 |
| Income Tax Expense (Benefit) at Australia Statutory Rate |
$ (2,190,750)
|
$ (672,087)
|
| Expenses Paid by Parent on Behalf of Foreign Subsidiary |
1,113,419
|
156,410
|
| R&D Refundable Tax Credit |
(72,538)
|
(77,470)
|
| Reduction of NOL Carryforward Due to R&D Tax Credit |
72,538
|
77,470
|
| Change in Deferred Tax Valuation Allowance |
900,761
|
(355,636)
|
| Foreign Exchange Rate Changes |
104,032
|
793,843
|
| Income Taxes Expense (Benefit) |
$ (72,538)
|
$ (77,470)
|
| Income Tax Expense (Benefit) at Australia Statutory Rate, Impact on Rate |
(23.10%)
|
(19.26%)
|
| Expenses paid by parent on behalf of foreign subsidiary, Impact on Rate |
11.74%
|
4.48%
|
| R&D Refundable Tax Credit, Impact on Rate, Impact on Rate |
(0.76%)
|
(2.22%)
|
| Reduction of NOL Carryforward Due to R&D Tax Credit, Impact on Rate |
0.76%
|
2.22%
|
| Change in deferred Tax Valuation Allowance, Impact on Rate |
9.50%
|
(10.19%)
|
| Foreign Exchange Rate Changes, Impact on Rate |
1.10%
|
22.74%
|
| Total Income Tax Expense (Benefit), Impact on Rate |
(0.76%)
|
(2.22%)
|