Christmas is always a time for giving and receiving gift cards or vouchers. How many times have you received gift cards and then when you get around to using them they have expired?
The NSW Government has recently made new laws governing gift cards and vouchers. In NSW the Fair Trading Act has been amended so that gift cards and vouchers sold to consumers in NSW must have a minimum expiry period of three (3) years. Additionally, post-purchase administration fees associated with redeeming the gift card/voucher cannot be charged if they would have the effect of reducing the value of the gift card/voucher. There are some limited exceptions to these new rules.
Now all consumers will have 3 years to redeem gift cards or vouchers they receive this Christmas so make sure you don’t lose them.