Scope of AASB 124/IAS 24  LO2, 3 Which of the following is the related party of an entity within the scope of AASB 124/IAS 24? Give reasons for your answer.

(a) A person who has the authority to plan, direct and control the activities of the entity

(b) The domestic partner and children of a director of the entity

(c) The non-dependant sister of a director of the entity

(d) A subsidiary company that is directly controlled by the entity

(e) Dividend payment to employees who are holders of an entity’s shares