Section PS 3270 - Solid waste landfill closure and post-closure liability [Superseded]
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Effective date: |
February 1, 1998 |
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Published by the PSAB: |
February 1998 |
Overview
This Section establishes standards on how to account for and report the liability for closure and post-closure care of a solid waste landfill site in government financial statements.
A solid waste landfill site is a defined area of land or excavation that receives waste that may include household waste, commercial solid waste, non-hazardous sludge, and industrial solid waste.
Financial statements should recognize a liability for closure and post-closure care as the landfill site's capacity is used. Usage should be measured on a volumetric basis (e.g., cubic metres).
History of Section PS 3270
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Date |
Development |
Comments |
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February 1998 |
New Section |
This new Section recommends how governments should account for and report closure and post-closure care liabilities of a solid waste landfill site. |
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August 2018 |
As a consequence of the issuance of Section PS 3280, Asset Retirement Obligations, Section PS 3270 has been withdrawn. Section PS 3270 will remain in effect until the adoption of Section PS 3280 for fiscal periods beginning on or after April 1, 2021, unless a public sector entity elects earlier adoption. |
Note: The above summary does not include details of consequential amendments made as the result of other projects.