The new accounting standard for leases, AASB 16/IFRS 16, has introduced:

a single lessee accounting model for all leases with a term of more than 12 months.

b multi lessee accounting model for all leases with a term of more than 12 months.

c single lessee accounting model for all leases with a term of less than 12 months.

d multi lessee accounting model for all leases with a term of less than 12 months.