According to AASB 10Consolidated Financial Statements,all parent entities are required to present consolidated statements unless which of the following conditions apply to them?

IThe parent is a wholly owned subsidiary.

IIThe parent is a partly owned subsidiary and its other owners do not object to the non-presentation of consolidated financial statements.

IIIThe parent's debt or equity securities are traded in a public market.

IVThe parent is not in the process of applying to issue any securities in a public market.