The Financial Services Authority (Otoritas Jasa Keuangan/OJK) has introduced Regulation 1/2024 as a response to currently dire situation that Rural Banks (Bank Perekonomian Rakyat BPR), in which said framework is expected to improve the overall management of any BPRs productive and non-productive assets (collectively referred to as Assets). Amongst other mandates, Regulation 1/2024 has introduced a new mandate for BPR, which will now have to ensure that all necessary measures are taken in order to settle any non-productive Assets, including confiscated collateral (Agunan yang Diambil Alih/AYDA) and abandoned property.
The new framework outlines key obligations for digital platform companies, including the prioritization of news from press companies and the implementation of training programs aimed at supporting quality journalism
The government will likely adopt a number of provisions that currently feature under the EUs Digital Services Act and Digital Markets Act and promulgate them as Implementing Regulations to the ITE Law. Looking forward, the government is currently in the process of formulating the relevant provisions and is expected to issue a final draft by the fourth quarter of 2024 at the latest
The main objective of this ILD is to provide a comprehensive insight into the factors influencing decisions on PHK, conduct a trends analysis to identify the patterns of judges considerations, as well as clarify the implications of such decisions for both employers and employees in todays labor context.
As one of the most recent regulatory framework on the organization of Carbon Capture and Storage (CCS), the new framework of Regulation 14/2024 features two available organization scheme, in which CCS shall be organized by based on cooperation contracts for mining exploration and exploitation activities (Kontrak Kerjasama/KKS), and the other to be organized based on permits for engagement in Injection Target Zone (Zona Target Injeksi/ZTI) exploration in Carbon Storage License Areas (Wilayah Izin Penyimpanan Karbon/WIPK) or permits for engagement in carbon injection and storage.
the Annual SPT reporting procedure highlights the significance of securing Taxpayer Identification Numbers (Nomor Pokok Wajib Pajak/NPWP) and Electronic Filing Identification Numbers (EFIN) as credentials that can be used by the relevant corporate taxpayers to access and complete their tax returns
Indonesia's response to the Rohingya refugee crisis is explored by underscoring Indonesia's international legal responsibilities and domestic regulatory that govern the handling of refugees and address the need to create a proper balance between assistance and security concerns in relation to smuggling and trafficking issues. Present and future challenges, resolutions and expectations regarding the handling of Indonesias refugee crisis are all addressed, including comprehensive long-term solutions and calls for Indonesia's applicable legal frameworks to be revised.
The new regulation has been drafted with significant input from the relevant stakeholders, resulting in a more comprehensive and promising consumer and public protection infrastructure. Despite the broad scope of the new framework, the public spotlight has been primarily focused on provisions that set limits on and requirements for debt collection activities in order to prevent any potential violence or threats that these activities notoriously often involve.
As one the most recent efforts aimed at protecting the countrys domestic industries, the new framework of Regulation 36/2023 has indeed adjusted various business licensing requirements that apply within the import sector and that need to be met by importers. Amongst other adjustments, import supervision from post-border to border for certain types of commodities has been restructured and relaxation of imports of personal goods, as undertaken by Indonesian migrant workers have been put into place.
In order to offer an informative overview of Indonesias regulatory outlook for 2024, this edition of Indonesian Law Digest features a discussion of the various Draft Bills that are listed under the 2024 Priority National Legislation Program, along with a number of other anticipated Regulations that have gained public attention throughout 2023