Blue Mountains News
Consumers Win with Gift Card Reforms
Stuart Ayres said all gift cards sold in NSW must have a minimum three-year expiry date.
He said the move that officially came into force on March 31 would put up to $60 million a year back in the hands of NSW shoppers.
“Previously, the majority of gift cards only offered a 12-month expiry date, but now consumers have three years to use them – and that’s a big win for consumers in NSW,” Stuart Ayres said.
“I’m thrilled they’ll now be able to enjoy more flexibility when it comes to how they choose to spend their hard-earned cash.”
NSW resident, Ms Kaisha James who joined Mr Kean and Mr Ayres has welcomed the announcement saying “it’s a great way to make sure the value of the gift card gets used before it expires.”
Mr Kean said these Australian-first reforms put consumers first so when they head to the shops they know they’re getting a fair go.
“This is all about giving consumers confidence that when they buy gift cards for friends or relatives, they’re getting value for money,” Mr Kean said.
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