In Relation to Applying an Amount Due from a Third

In relation to applying an amount due from a third party in a "set-off" situation,AASB 132 notes:

A) That it is never permitted.
B) That it is permitted only where the third party is a subsidiary of one of the other two parties.
C) That it is permitted where there exists an agreement between the three parties that clearly establishes the right to set off.
D) That it is only permitted where all three parties are part of the same consolidated group.
E) That it is permitted only under circumstances where the third party is in administration and it is part of a debt forgiveness program.