
The government issued Law No. 10/1998 on the Amendment of Law No.7/1992 on Banking which mandated the establishment of Indonesia Deposit Insurance Corporation (IDIC) as the insurer of public deposit in the national banking.
Furthermore, the government issued Law No. 24/2004 on Indonesia Deposit Insurance Corporation (IDIC Law) on 22 September 2004, enacted effectively since the promulgation.