Ezee Ltd has a 25% interest in the share capital of Alpha Ltd, which is a

company involved in the same industry as Ezee Ltd. The remaining share

capital is owned by the founders of Alpha Ltd. The fo

unders Mr and Mrs A

have given Ezee Ltd three out of five seats available on the board of

directors. Ezee Ltd takes the lead on all decisions but the business is

closely monitored by Mr and Mrs A who hold the other two board positions.

Advise the directors

of Ezee Ltd of the requirements of AASB 127 in

respect of the control criterion and

,

for this investment

,

indicate whether or

not consolidation required