Entities Being Under Common Control as Defined by AASB 124

Entities being under common control as defined by AASB 124 include:

A) entities that have an equity ownership of 20 per cent or greater in an entity that is a subsidiary of an entity that is wholly owned by a party related to the reporting entity.
B) fellow subsidiaries, where fellow subsidiaries are wholly owned by a parent entity.
C) entities that are controlled or have significant influence exercised over them by an entity that is wholly owned by a related party of the reporting entity.
D) subsidiary companies that are controlled by a parent company.

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