Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Fathan Qorib, Jazmi Adlan Bohari
With the collection of levies on financial institutions to start being collected this week, the Financial Service Authorization (OJK) has issued Regulation No. 3/POJK/.02/2014 on Levies Mechanisms by the OJK(OJK Regulation), as the implementing regulation of Government Regulation No. 11 of 2014 on OJK Levies.
The Regulation targets every financial service provider in Indonesia covering capital markets, banking, and non-bank financial industries. The regime also incorporates a levies adjustment mechanism for any financial services provider that suffers financial difficulties. This system aims to reduce any possible deterioration in the circumstances of financial industries.
Harti Haryani, Deputy Commissioner of Strategic Management at the OJK, said that there is a possibility of adjustment to the applicable tariff percentage ratio to match a payer’s ability to pay. The OJK may reduce fees to 0% if the payer suffers financial difficulties or 25% of the applicable fee for the development of an industry, services, products, or other purposes.
“The Regulation will be convenient for every industry,” Mrs. Haryanti said to Hukumonline last Thursday.
In order to have levies adjusted, a written application must be made to the OJK. The applicants have 60 days to submit their application before the payment deadline.
The application must include various information and details. First, the applicant must have suffered financial difficulties and be under a recovery plan. Second, information on the financial capability of the applicant must be provided. Third, details of a work plan designed by the applicant if the OJK grants the levies adjustment must be submitted.
In certain cases, an applicant may receive a levies adjustment based on analysis by the OJK without the need for the submission of a written application. The OJK itself has the authority to grant a levies adjustment to any financial service industry which, based on the analysis the OJK, has suffered financial difficulties and is currently under a recovery plan.
(Discussion on OJK Levies, see ILB No. 2348)
(hot/kc)
Fathan Qorib, Jazmi Adlan Bohari
With the collection of levies on financial institutions to start being collected this week, the Financial Service Authorization (OJK) has issued Regulation No. 3/POJK/.02/2014 on Levies Mechanisms by the OJK(OJK Regulation), as the implementing regulation of Government Regulation No. 11 of 2014 on OJK Levies.
The Regulation targets every financial service provider in Indonesia covering capital markets, banking, and non-bank financial industries. The regime also incorporates a levies adjustment mechanism for any financial services provider that suffers financial difficulties. This system aims to reduce any possible deterioration in the circumstances of financial industries.
Harti Haryani, Deputy Commissioner of Strategic Management at the OJK, said that there is a possibility of adjustment to the applicable tariff percentage ratio to match a payer’s ability to pay. The OJK may reduce fees to 0% if the payer suffers financial difficulties or 25% of the applicable fee for the development of an industry, services, products, or other purposes.
“The Regulation will be convenient for every industry,” Mrs. Haryanti said to Hukumonline last Thursday.
In order to have levies adjusted, a written application must be made to the OJK. The applicants have 60 days to submit their application before the payment deadline.
The application must include various information and details. First, the applicant must have suffered financial difficulties and be under a recovery plan. Second, information on the financial capability of the applicant must be provided. Third, details of a work plan designed by the applicant if the OJK grants the levies adjustment must be submitted.
In certain cases, an applicant may receive a levies adjustment based on analysis by the OJK without the need for the submission of a written application. The OJK itself has the authority to grant a levies adjustment to any financial service industry which, based on the analysis the OJK, has suffered financial difficulties and is currently under a recovery plan.
(Discussion on OJK Levies, see ILB No. 2348)
(hot/kc)