GIFTING THE GIFT CARD WITH A LONGER GIVING LIFESPAN
Gift cards, an often reliable fallback option for those who seem to have everything, will now enjoy extended expiry dates thanks to nation-leading reforms introduced by the NSW Government.
The Member for Tamworth Kevin Anderson said from Saturday, 31 March, all gift cards sold in NSW now must have a minimum three-year expiry date.
Mr Anderson said the move would 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,” Mr Anderson said.
“Whether it is a gift card from hardware, clothing, outdoor living or a music retailer, families and friends expressions of their love and appreciation now have a much longer shelf life.
“This is a big win for consumers in the region, many of whom would have experienced the disappointment of going to use a gift card only to find it had expired.
“Thanks to this NSW Government initiative, consumers are far less likely to experience this misfortune in the future,” Mr Anderson concluded.
For more information about the reforms, visit http://www.fairtrading.nsw.gov.au