What does 15-16,B55-B57 require?

An investor is exposed to variable returns when what it receives from its involvement can change with how the investee performs, whether the returns can only be positive, only negative, or either. Variability is judged on substance: even a fixed-interest bond or a fixed fee carries variability if the investee's default risk or performance affects it. Returns include dividends and other distributions, changes in the value of the investment, servicing fees, fees and losses from credit or liquidity support, residual interests on liquidation, tax benefits, access to future liquidity, and benefits others cannot get such as combining operating functions or securing scarce supplies. Several parties can share returns, for example non-controlling interests, but only one can control.

AASB 10 Consolidated Financial Statements 15-16,B55-B57...

Other controls in Assessing control: power, returns and the link between them (paragraphs 5 to 18, B2 to B85) – AASB 10 Consolidated Financial Statements

10-14,B9-B13 Power and relevant activities: identify the activities that most significantly drive the investee's returns and who has the existing rights, exercised or not, giving the current ability to direct them
17-18,B58-B72 Link between power and returns, principal or agent: a decision maker acting as agent for others does not control; decide by the scope of authority, others' rights (especially single-party removal rights), remuneration and other interests
5-9,B80-B85 Control assessment and reassessment: whatever the form of involvement, decide whether you control each investee using all three elements and all facts, recognise collective control as no control, and reassess whenever a change affects any element
B14-B21 Rights that confer power and supporting evidence: weigh voting, appointment, removal, transaction-direction and management-contract rights, and where rights alone are unclear look for practical ability, special-relationship indicators and the size of exposure
B22-B33 Substantive versus protective rights: count only rights their holder can in practice use when decisions are due, disregard rights that only protect the holder's interests (including typical franchisor rights), and remember removal rights of other parties
B34-B50 Voting rights: a majority confers power unless other arrangements or non-substantive rights defeat it; a minority may confer de facto power through size and dispersion of holdings; potential voting rights count when substantive
B51-B54 Investees not governed by votes: consider the purpose and design, involvement at set-up, contractual arrangements at inception, and rights that crystallise on particular events, and weigh any explicit or implicit commitment to keep the investee operating
B73-B75 Relationships with other parties: treat parties acting on the investor's behalf, de facto agents such as related parties, people whose dealings in the investee need the investor's approval, and those funded or governed by the investor, as part of the control assessment

Query this from an agent

The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.

MCP endpoint All AASB 10 Consolidated Financial Statements controls