The Minister of Finance (“Minister”) has issued Regulation No. 23 of 2026 (“Amendment”) on the Amendment to the Regulation of the Minister No. 240/PMK.06/2016 (“Regulation 240/2016”),[1] which has come into force on 24 April 2026.[2] This framework significantly restructures procedures previously governed under Regulation 240/2016 by authorizing the government through the State Receivables Management Committee (Panitia Urusan Piutang Negara – “PUPN”) to physically control (penguasaan fisik), utilize, or lease seized collateral prior to auction without requiring debtor consent.[3]
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