Indonesia's new state Capital (IKN), which has been named Nusantara and which is located in East Kalimantan, will be organized through national-level elections, while the new Head of Authority will sit at the ministerial level and be designated, appointed and dismissed by the president. Said Head of Authority will be assisted by a Deputy Head, who will also be designated, appointed and dismissed by the president. The president will designate and appoint a Head of Authority and Deputy Head of IKN Nusantara for the first time within two months of the promulgation of this Bill
The types of products that incorporate inclusive branchless banking services and that may be offered by financial institutions encompass the following: 1) Basic Savings Accounts; 2) Microcredit and financing; and/or 3) Other financial services, as approved by the OJK
In general, the various facilities outlined herein are to be granted from the January 2022 tax period until the June 2022 tax period
Property appraisers ) are obliged to complete assessments of properties within the capital-market sector in accordance with the relevant code of ethics, assessment standards determined by the OJK and property appraisers' own qualifications. However, this new regulation now permits the said appraisers to utilize other international assessment standards, as long as said standards are otherwise unregulated by the OJK
Firebreaks are tracks that create gaps that can then act as barriers in areas that are prone to wildfires, thus preventing and/or helping to minimize the spread of fires. The new provision states that firebreaks can be natural (i.e. rivers, lakes, etc.) or artificial. Artificial firebreaks encompass Green Tracks (i.e. firebreak plantations) or Yellow Tracks (i.e. management paths)
The maximum limit for the distribution of funds to related parties is set at 10% of BUS capital, whereas the maximum limit for the distribution of funds to individuals/groups of non-related-party customers is set at 25% of core BUS capital (Tier 1)
LCEV have been divided up into six categories in accordance with their technical specifications, specifically: 1) Affordable Four-Wheeled Energy-Saving Vehicles (Kendaraan Bermotor Roda Empat yang Hemat Energi dan Harga Terjangkau/KBH2); 2) Hybrid Electric Vehicles; 3) Plug-in Hybrid Electric Vehicles (PHEV); 4) Fuel-Cell Electric Vehicles (FCEV); 5) Flexy Engine Vehicles; and 6) Battery Electric Vehicles
Extends the definition of management's primary parties to include management executives at the Financial Institution Pension Fund. Moreover, officers operating at levels above that of division head, aside from Board of Directors members, are also now defined as executive officers of Conventional Commercial Banks and Sharia Commercial Banks
Adds two new broadened scopes of countercyclical policies for LJKNB, specifically: 1) Actuarial valuation provisions that address employer pension funds; and 2) Loan restructuring for providers of technology-based money lending services
Stipulates excise tariffs for each of the above types of e-cigarettes and HPTL as follows: 1) Solid e-cigarettes: Rp. 2,710/gram; 2) Open-system liquid e-cigarettes: Rp. 445/milliliter; 3) Closed-system liquid e-cigarettes: Rp. 6,030/milliliter; 4) Molasses tobacco: Rp. 120/gram; 2) Snuff tobacco: Rp. 120/gram; and 3) Chewing tobacco: Rp. 120/gram