SANCTIONS ACCORDING TO INDONESIAN BUSINESS COMPETITION LAW POST JOB CREATION LAW: HAS IT REFLECTED THE LAW AS SOCIAL CONTROL?

Abstract

After the job creation law, the provisions for sanctions for violations of the law on the prohibition of
monopolistic practices and unfair business competition have changed significantly. The provisions for
administrative fine sanctions, for example, have undergone significant changes. This change has attracted
the attention of researchers who study from various aspects, including from the accounting aspect. In law,
there is one of the famous theories, that law is a tool of social control in order to better people's behavior.
Based on that, the author sees that this study is important to be carried out so that the researcher will
produce ideal conclusions and recommendations for future business competition law reform. This research
is a normative legal research with a legislative, conceptual, and theoretical approach. The results of the
study show that sanctions according to the business competition law after the job creation law do not
support the functioning of the business competition law to achieve positive changes among business actors
according to the purpose of the law to prevent the occurrence of monopoly practices and unfair business
competition. The author suggests that the provisions of the fine sanction be reviewed and reviewed in the
reform of the business competition law in the future so that the business competition law is able to form
behavior and culture that prioritizes healthy business competition so that it has high competitiveness in the
era of globalization.