What does B51-B54 require?

Where voting rights do not decide who directs relevant activities (as in many structured entities), the investor examines the decisions made when the investee was designed, its own involvement in that design, and the contractual arrangements established at inception, including call, put and liquidation rights. Being involved in the design is not enough on its own, but it may show the investor had the chance to obtain power. Relevant activities may arise only when specific circumstances occur, such as default on assets, and rights that are exercisable only then can still be substantive. A commitment, explicit or implicit, to ensure the investee keeps operating as designed may increase exposure to returns and the incentive to obtain power.

AASB 10 Consolidated Financial Statements B51-B54...

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
15-16,B55-B57 Exposure to variable returns: judge whether the investor's returns can vary with the investee's performance, by substance rather than legal form, including fees, residual interests, tax and synergy benefits
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
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