Under AASB 132,preference shares that must be redeemed by the issuer for a fixed or determinable amount at a fixed or determinable future date will be classified as:

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Preference shares that must be redeemed by the issuer for a fixed or determinable amount at a fixed or determinable future date are classified as a liability under AASB 132 because they represent an obligation to transfer financial assets.

Under AASB 132,preference Shares That Must Be Redeemed by the Issuer