New State Receivables Scheme: Seized Assets Can Be Managed Without Permission

The government, through the Ministry of Finance, has officially opened opportunities for the state to utilise assets belonging to debtors without requiring approval from the debtors. This policy is contained in Minister of Finance Regulation (PMK) No. 23 of 2026, which regulates changes to the state receivables management scheme. The regulation allows collateral goods or other assets that have been seized to be directly controlled and used by the state. “Collateral goods/other assets that have been seized may be subject to physical control and use by the state before sale or taking of rights; or utilisation by the PUPN Branch without the approval of the primary debtor/guarantor and the results used to reduce the debtor’s debt,” states Article 186A paragraphs 1a and 1b. The proceeds from the utilisation of these assets can be used to reduce the debtor’s debt obligations to the state. Assets that were previously unproductive can now directly contribute. The new regulation also opens opportunities for cooperation with various parties in managing seized assets. The involved parties may come from state-owned enterprises or the private sector, through lease schemes, contracts, or other forms of cooperation. “Based on the decision letter for physical control and use by the state, the K/L carries out physical control and use by the state for a period of two years,” states Article 186B paragraph (7). The state’s control and use of assets does not automatically eliminate the debtor’s debt obligations. The debt must still be settled in accordance with applicable provisions.