s. 1
— Asset retirement obligations
(1) For the purposes of section 11.9 of the Act,
s. 1(1)(a)
asset retirement obligations are prescribed as newly recognized liabilities; and
s. 1(1)(b)
April 1, 2022 is prescribed as the corresponding recognition date for those liabilities.
s. 1(2)
In this section, “asset retirement obligations” means legal obligations associated with the retirement of a tangible capital asset resulting from its acquisition, construction, development or normal use.
s. 2
Omitted (provides for coming into force of provisions of this Regulation).