Under AASB $16$ Leases, a contract is$,$ or contains a lease, where the contract conveys the right tocontrol the use of an identifed asset for a period of time in exchange for consideration. Whichof the following does not indicate the existence of a lease in accordance with the requirementsof AASB $16$ Leases?

O The lessee has the right to direct the use of the identifed asset.

O The supplier has a substantive substitution right to the identifed asset throughout the period of useO The contract conveys the right to obtain substantially all the economic benefts from the use of theidentifed asset.

O The supplier has a right or obligation to substitute the asset only on or after, a particular date or theoccurrence of a specifed event.