AASB 11 Joint Arrangements, Provides That Joint Control Exists Where

AASB 11 Joint Arrangements, provides that joint control exists where:

A) no single party is in a position to control the activity unilaterally.
B) no one party may be appointed as the manager of the joint arrangement.
C) one party alone has power to control the strategic operating decisions of the joint arrangement.
D) the decisions in areas essential to the goals of the joint arrangement do not require the consent of the parties.

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