The changes under AASB 132 have removed the need for creditors to be involved in the defeasance process:
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Q4: Under the old AASB 1014 the debt-holder(s)may
Q5: The term defeasance means the setting off
Q6: The existence of a right to set
Q7: AASB 132 only allows assets and liabilities
Q8: AASB 132 "Financial Instruments: Presentation" supports a
Q10: A futures contract is an example of
Q11: Legal defeasance is not addressed in AASB
Q12: A right of set-off is a debtor's
Q13: A right of set-off may still be
Q14: In a set-off,the gearing ratio of the
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