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RELATED PARTY TRANSACTIONS
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12 Months Ended | |
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Jun. 30, 2014
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| Related Party Transactions [Abstract] | ||
| Related Party Transactions Disclosure [Text Block] |
NOTE 10 – RELATED PARTY TRANSACTIONS Since inception, Propanc Health Group Corporation has conducted transactions with directors and director related entities. These transactions included the following: As of June 30, 2014 and 2013, the Company owed certain directors a total of $161,975 and $130,689 respectively, for money loaned to the Company throughout the years. The loan balance owed at June 30, 2014 was not interest bearing. As of June 30, 2014 and 2013, the Company owed two directors a total of $60,350 and $57,237, respectively, related to expenses incurred on behalf of the Company related to corporate startup costs and intellectual property. |
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- Details
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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