It’s the thought that counts

All gift cards would have a minimum 3-year expiry period, under a bill passed by the Parliament. 

Oct 26, 2018

The rules applying to gift cards will now be consistent across Australia. In addition, the bill also requires expiry dates to be prominently displayed on the gift card and bans a range of fees, including those for balance-checking and inactivity.

Introducing the Treasury Laws Amendment (Gift Cards) Bill 2018 in the House of Representatives, the Assistant Treasurer, the Hon Stuart Robert MP, said ‘Gift card terms and conditions vary widely, making it hard for consumers to understand their rights and obligations. Consumers are often frustrated and experience financial loss from expired cards.’ He added that this bill will ‘make gift cards simpler and fairer for all consumers.’