New Provision on Payment Postponements for Customs-and-Excise Duty
The Ministry of Finance has issued Regulation No. 122/PMK.04/2017 on Payment Postponements for Import- and Export-Duty Debt and/or Administrative Sanctions in the Form of Fines. Regulation 122/2017 sets out detailed procedures for individuals or incorporated entities who are looking to apply for postponements to their payments in regard to the following obligations: 1) Import- or export-duty debts, insufficient import- or export-duty payments and/or related fines; and 2) Outstanding payable import duty and/or related fines
Guidelines for the Implementation of Investment-Climate Development Activities
The Head of the Indonesian Investment Coordinating Board has issued Regulation No. 9 of 2017 on Guidelines and Procedures for the Implementation of Investment-Climate Development Activities, which serve as an implementation of Article 16 (1) and (2) of Law No. 23 of 2014 on Regional Governments.
Deadline Extended for the Registration of Telecommunications Service Customers
In order to push back the deadline for the mandatory registration of pre-paid telecommunications service customers, the Ministry of Communication and Information Technology has issued Regulation No. 14 of 2017, which amends Ministry Regulation No. 12 of 2016 on the Registration of Telecommunications Service Customers.
OJK Regulates Anti-Fraud Policy for Insurance Companies
The Financial Services Authority has issued Circular No. 46/SEOJK.05/2017 on Fraud Control, Implementation of Anti-Fraud Strategy and Anti-Fraud Strategy Report for Insurance Companies, Sharia Insurance Companies, Re-Insurance Companies, Sharia Re-Insurance Companies, or Sharia Units, as mandated under Article 72 (5) of OJK Regulation No. 69/POJK.5/2016 on the Business Organization of Insurance Companies, Sharia Insurance Companies, Re-Insurance Companies and Sharia Re-Insurance Companies.
New Provisions for Property Brokerage Companies
The Ministry of Trade has issued Regulation No. 51/M-DAG/PER/7/2017 on Property Brokerage Companies, with the objective of creating a fair business climate, improving the professionalism of property brokerage companies and supporting business activities in the area of property.
New Regulation on Ease-of-Access Requirement for Buildings
The Ministry of Public Works and Public Housings has issued Regulation No. 14/PRT/M/2017 on Ease-of-Access Requirements for Buildings (“Regulation 14/2017”), which will serve as a set of guidelines for building organizers as they look to ensure that their buildings and their surrounding environments are accessible by all parties in a safe and comfortable way.
Govt. Tightens Import Provisions for Iron, Steel, Alloy Steel and Their Derivative Products
The Ministry of Trade has now tightened import provisions for iron, steel, alloy steel and their derivative products through the issuance of Regulation No. 63/M-DAG/PER/8/2017, which amends Ministry Regulation No. 82/M-DAG/PER/12/2016 on Import Provisions for Iron, Steel, Alloy Steel and Their Derivative Products. This new regulation requires import specification examinations to be undertaken by trade authorities for imported products in order to obtain utilization approval. In addition to the import specification examination, the Ministry has also added a new classification for imported products which are exempt from import provisions.
New State Securities and Investment Caps for Investments by Non-Bank Financial Services Institutions
In order to expand investment-instrument options for non-bank financial services institutions, as well as to increase investment realization, the Financial Services Authority has issued Regulation No. 56/POJK.05/2017 on the Second Amendment to Financial Services Authority Regulation No. 1/POJK.05/2016 on Investment in State Securities by Non-Bank Financial Services Institutions. In essence, this new regulation adds three new types of state securities which may be allocated as investments by non-bank financial services institutions with new investment caps available.
New Provisions for the Security of Supply Chains for Air-Freight Cargo and Post Consignments
A more comprehensive set of provisions which address the security of supply chains for air-freight cargo and post consignments has now been stipulated by the Ministry of Transportation through the issuance of Regulation No. PM 53 of 2017 on the Security of Supply Chains for Air-Freight Cargo and Post Consignments. This new regulation sets out the various responsibilities of delegated parties (i.e., regulated agents, known consignors, operational airport units and/or airport companies) in order to ensure the security of air-freight cargo, and in addition also addresses post consignments, mandatory checks and control measures, certification and security tariffs.
OJK Redefines Provisions on Bank Examinations
The Financial Services Authority has issued Regulation No. 41/POJK.03/2017 on Requirements and Procedures for Bank Examinations. This new regulation effectively makes no significant alterations to any of the provisions which were originally set out under Regulation 41/2017.