Minimum three-year gift card expiry closer

Rebecca Gredley
(Australian Associated Press)

 

A national three-year minimum expiry for gift cards is one step closer after passing the first hurdle of federal parliament.

Losses from expired gift cards are estimated to cost Australians $70 million annually, with assistant treasurer Stuart Robert saying the new guidelines – beginning November, 2019 – would give both consumers and businesses clarity.

“Consumers will have the full benefit of the gift cards they receive,” he told the lower house on Wednesday.

 

Photo by rawpixel on Unsplash

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