CTHRepealedLegislation
AASB 124 - Related Party Disclosures - December 2009
Example 6 — Entity with Joint ControlExample 6 — Entity with Joint Control
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Example 6 – Entity with Joint Control
IE24 Entity A has both (i) joint control over Entity B and (ii) joint control or significant influence over Entity C.
Illustration of the definition of related party in relation to joint control scenarios.
IE25 For Entity B’s financial statements, Entity C is related to Entity B. [Paragraph 9(b)(iii) and (iv)]
IE26 Similarly, for Entity C’s financial statements, Entity B is related to Entity C. [Paragraph 9(b)(iii) and (iv)]