Under AASB $16$ Leases, a contract is$,$ or contains a lease, where the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration.

Which of the following does not indicate the existence of a lease in accordance with the requirements of AASB $16$ Leases? $q,$

the contract conveys the right to obtain substantially all the economic benefits from the use of the identified asset

the supplier has right or obligation to substitute the asset only on or after, a particular date or the occurrence of a specified event

the supplier has a substantive substitution right to substitute the asset throughout the period of use

the right to direct the use of the identified asset