Gift Cards to be Enjoyed Longer in NSW
NSW consumers will now be able to enjoy the use of a gift card for longer, with nation-leading reforms from the State Government extending expiry dates to a minimum of at least three years.
Member for Albury, Greg Aplin said the move will put up to $60 million a year back in the hands of NSW shoppers.
“Previously, the majority of gift cards offered only a 12-month expiry date, but now consumers will have three years to cash in – and that’s a big win,” he said.
“This is a big win for consumers many of whom would have experienced the disappointment of going to use a gift card only to find it had expired.
“That’s money down the drain for consumers but, thanks to this NSW Government initiative, far less likely to happen in future.”
Minister for Innovation and Better Regulation Matt Kean agreed, saying: “We all know how frustrating it is to try to make a purchase with a gift card only to find it’s expired.
“This reform puts consumers first and is great news for everyone who enjoys giving gifts cards, or is lucky enough to receive them.”
For more information about the reforms, visit fairtrading.nsw.gov.au.