To classify an arrangement as a hedge,and therefore to apply 'hedge accounting',AASB 132 requires a set of strict conditions be met.

Name: To classify an arrangement as a hedge,and therefore to apply 'hedge accounting',AASB 132 requires a set of strict conditions be met.
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The standard that deals with hedge accounting is AASB 139 (Financial Instruments: Recognition and Measurement) or AASB 9 (Financial Instruments), not AASB 132, which deals with Financial Instruments: Presentation.

To Classify an Arrangement as a Hedge,and Therefore to Apply