Which of the following statements is NOT correct under Australian AASB Accounting Standards in the context of consolidation?

Select one:

Control that is joint control does not satisfy the definition of control under accounting standards in respect of consolidated group formation.

It is possible to control another company by means of economic pressure alone.

Control is effectively the power to govern the operating policies of an entity most of the time to obtain benefits from its activities.

Control could be obtained over a public listed company by obtaining 19 per cent of its voting shares.