CERTYNEX IFRS ACADEMY

Between 20X1 and 20X4, Haldric stored waste on its land, which the law then allowed. In November 20X5, a law is enacted requiring operators to clean up land contaminated in this way. When does Haldric's clean-up obligation arise?

In 20X1, from the first storage of waste.

Never, since the storage was lawful at the time.

In November 20X5, when the law requires the damage to be rectified.

When the clean-up works are actually started and invoiced by the contractor chosen.