Fathan Qorib, Andin Aditya Rahman
Following
capital market legal consultantsand
the banking sector, public notaries have also announced their objection to the levies to be collected by the Financial Services Authority (OJK) under Government Regulation
No. 11 of 2014on Levies by the OJK (Levies Regulation).
The objection was officially announced at the Indonesian Notaries Association’s (INI) plenary meeting in Jakarta on Monday.
“INI will never stay silent regarding anything that is of relevance to the position and status of notary organizations and institutions,” asserted Adrian Djuaeni, INI’s Chairman.
Mr. Djuaeni indicated that his organization has lodged an audience request with the OJK so that INI can directly elaborate in detail its objections to the OJK.
“We only want to convey the objections of our colleagues regarding the levies,” explained Mr. Djuaeni.
Should the OJK fail to respond to the audience request filed by the INI, Mr. Djuaeni indicated that there will be a judicial review petition lodged against the Levies Regulation at the Supreme Court. The INI is ready to assist any of its members in doing so.
“If a judicial review petition is lodged by an individual, the organization will facilitate it,” he said.
The primary reason for the notaries’ objection is of approximately 1,600 notaries only a few hold Registration Certificates from the OJK for the purpose of serving clients in the capital markets sector.
“The fact is that these notaries can be counted by mere fingers. It is only them. It isn’t fair if the other notaries are also subject to the levies,” argues Mr. Djuaen.
Previously, Retno Ici, Director of Capital Markets at the OJK, admitted that the Levies Regulation provides for some profession to be subject to OJK levies. They are all offices of public accountants, capital market legal consultants, notaries, appraisal agencies, and actuarial consultants, as long as they hold a license from the OJK. The levies that will be collected are 1.2 percent of the total value of financial service contracts.
According to Mrs. Ici, only public accountant offices will be liable for OJK levies, while other offices are not. This obligation arises because public accountant offices are required to secure a permit, approval, validation and authorization from the OJK.
“As of today, there is no regulation in the financial services sector that regulates legal consulting offices, notary offices, or appraisal offices, except public accountant offices” he concluded.
(hot/kc)