Which of the following is not a characteristic of an asset, according to the AASB Conceptual Framework?

Select one:

a$.$

The entity must have ownership over the resource giving rise to the future economic benefits

b$.$

The transaction or event giving rise to the ownership over future economic benefits must have occurred

c$.$

The reporting entity must have control over the resource to benefit from it$,$ or to deny or regulate the access of others to the benefit

d$.$

There is an expected future economic benefit