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Suzanne Stefani from PwC's national office discusses variable lease payments in the context of the new leases guidance. These payments impact lease measurement and classification for lessees, with liability and asset recording for most leases. Variable lease payments are those that vary due to changes in circumstances post-commencement date, categorized into index-based changes and changes based on specific benchmarks. The video covers which payments are included in measurement and classification, as well as how to account for changes in these payments.