This new framework outlines the requirements and procedures that apply to any individual who wishes to use excisable goods for which excise exemptions have been secured. The scope of excisable goods that are eligible to be granted excise exemptions has also been broadened and now encompasses 10 types of products that include: 1) Products that are used as raw or auxiliary materials during the production of non-excisable final products; 2) Products that are used for research and scientific development purposes; 3) Products that are used for social purposes (i.e. healthcare services, disaster aid and/or public worship); and so forth.

The scope of the conformity assessment scheme for the Indonesian National Standard (Standar Nasional Indonesia "SNI"), was previously limited to safety requirements for specific electronic equipment such as audio/video devices, as well as information and communications technology ("ICT") products but has now been expanded to cover a broader range of electronic goods. Additionally, the methods, timeframes and personnel involved in the reviewing of the certification applications of micro- and small-scale enterprises have now been explicitly defined in order to accommodate their unique circumstances.

Liquidity providers are parties approved by entities that provide systems or platforms that facilitate securities transactions or financial instruments within organized markets ("Market Organizers") in order to trade securities and perform quotations on specific securities designated by the relevant Market Organizers to support market liquidity. In this regard, the parties that are eligible to become liquidity providers break down as follows: 1) Securities brokers (Perantara Pedagang Efek "PPE"); 2) Other parties approved by the Financial Services Authority (Otoritas Jasa Keuangan "OJK").

Organizers of vital information infrastructure (Infrastruktur Informasi Vital "IIV") that are in possession of strategic electronic data (Data Elektronik Strategis "DES") across a wide range of sectors (including government agencies and business entities) ("Organizers") are required to formulate electronic documents ("e-Documents") and ensure backups of e-Documents and adequate connection mechanisms to certain data centers for data safeguarding purposes. In this regard, the aforementioned data centers are organized by the National Cyber and Crypto Agency (Badan Siber dan Sandi Negara/BSSN) and are capable of storing copies of e-Document backups, as formulated by relevant Organizers.

The new policy to write off certain qualifying, non-performing receivables (piutang) for micro-, small- and medium-scale enterprises (Usaha Mikro Kecil Menengah "UMKM") at the national level ("Write-off Policy") will take effect for a six-month period that will run until 5 April 2025. Broadly speaking, the new Write-off Policy comprises book write-offs (penghapusbukuan) and invoice write-offs (penghapustagihan). Moreover, this new policy will not only be made available by the government to UMKM but also to banks and/or non-bank financial institutions (collectively referred to as "Financial Institutions") that have UMKM as their debtors/customers.

The Second Amendment updates a total of nine standards that specifically relate to business activities and products within the healthcare sector, as originally outlined under Regulation 14/2021, including: 1) Pharmacies; 2) Cosmetics wholesalers (Pedagang Besar Kosmetik/PBK); 3) Clinics; 4) Hygiene and sanitation; and 5) Dialysis services. Businesses with existing business permits have been granted a transitional period that runs until 14 November 2025 in order to bring their operations into line with the new provisions outlined under the Second Amendment.

The Amendment clarifies that incentives for businesses importing four-wheeled, battery-powered, electric motor vehicles ("BEV"), either in a completely built-up ("CBU") or completely knocked-down ("CKD") state, are now limited to businesses importing BEVs from countries with trade agreements or treaties with Indonesia. Moreover, the Amendment now allows businesses to modify previously issued import incentive approvals under certain conditions (e.g. if no changes have been made to the relevant BEV details and only specific technical specifications have been altered).

A total of six core components of the Trade Information System (Sistem Informasi Perdagangan "SIP") are outlined under the new framework (e.g. trade data and/or information, human resources, hardware/software and so forth). Said components should be organized and produced by relevant data producers (e.g. government agencies and/or business actors who input relevant trade data and/or information into the system). The mechanism for the implementation of the SIP comprises five phases (e.g. gathering of data/information, processing of gathered data/information, submission of data/information and so forth). Business actors may secure access rights to the SIP via their account with the Online Single Submission ("OSS") system or via the Indonesian Single Data Portal for the trade sector.

Any discontinued insurance product, whether discontinued on the initiative of the relevant insurance company or based on an order issued by the Financial Services Authority (Otoritas Jasa Keuangan "OJK"), must now be reported within 10 business days. All such reports must be submitted by the directors of the relevant company and must provide a reason for the products discontinuation, as well as data on any active insurance policies. It should also be noted that the OJK may order the temporary or permanent discontinuation of insurance products if certain conditions are met, such as a product being declared harmful to policyholders, insured parties or participants.

The information data compensation (Kompensasi Data Informasi "KDI") calculation formula for mining business license areas (Wilayah Izin Usaha Pertambangan "WIUP") and special mining business license areas (Wilayah Izin Usaha Pertambangan Khusus "WIUPK") must now take the following activities into consideration: 1) Investigations and research into the preparation of WIUP/WIUPK; 2) Assignments for investigation and research into the preparation of WIUP and/or WIUPK; and/or 3) Evaluations of WIUP/WIUPK areas that have been reduced and Mining Business Licenses (Izin Usaha Pertambangan "IUP")/Special Mining Business Licenses (Izin Usaha Pertambangan Khusus "IUPK") that have either expired and/or been revoked.