Asset Management Agency Regulated in the Asset Forfeiture Bill, Independent and Under the President

JAKARTA, KOMPAS.com - Member of Commission III of the House of Representatives, Soedeson Tandra, stated that the establishment of an Asset Management Agency and an independent Supervisory Agency will be outlined in the draft law (RUU) on Asset Forfeiture Related to Corruption and Other Crimes.

These agencies, according to Soedeson, will be placed directly under the President.

"We will place this agency under the President; this aligns almost 100 percent with the public's desire for an independent management body," Soedeson said during a public hearing regarding the Asset Forfeiture Bill, as reported from a broadcast by TVR Parlemen on Wednesday (11/11/2026).

He added that regulations concerning authority, organizational structure, working mechanisms, and salary systems for the two agencies will eventually fall under the purview of the executive branch.

"In this bill, we deliberately separate the term 'agency'; we do not use 'council'. Also, we do not use 'chairman', but 'head'. The chain of command is clear, and thus the authority is also clear," Soedeson explained.

"We also separate the Asset Management Agency from the Supervisory Agency. However, we will leave the authority, structure, work methods, and remuneration entirely to the executive, in this case, the President," added the Deputy Chairman of the Asset Forfeiture Bill Working Committee.

Proposal for an Independent Asset Management Agency

Previously, the proposal for creating an asset management agency arose during discussions at the public hearing of the Asset Forfeiture Bill held by Commission III of the House of Representatives.

This establishment was proposed by the Chairman of the Indonesian Advocates Association (Perhimpunan Advokat Indonesia) Suara Advokat Indonesia (Peradi SAI), Harry Ponto, during a public consultation with Commission III on Monday (13/7/2026).

"Peradi SAI proposed that a professional agency be formed to manage forfeited assets," Harry stated during the consultation, as reported from a broadcast by TVR Parlemen.

He explained that the management agency will not be placed under law enforcement agencies.

The aim is to avoid the misuse of authority in executing asset forfeiture related to criminal acts.

"Thus, Peradi SAI proposes that the management of asset auctions be handled by a special, independent agency that also functions to supervise," Harry remarked.

Harry cited Italy, which has an agency called The National Agency of Administration and Custody of Asset Seized and Confiscated from Organized Crime (ANBSC).

Likewise, Australia has an agency called The Australian Financial Security Authority (AFSA).

Both agencies are authorized to manage and auction assets that are not under the purview of law enforcement authorities.

"Rather, it will be under a professional management body," Harry reiterated.