First Published: 11 February, 2025
If your business offers gift cards (or vouchers) which can be used by consumers to buy goods or services, then you should be aware of amendments to the Fair Trading Act which were passed late last year. The change relates to the expiry date or the date by which the card must be used.
Retailers in particular should be aware that from March 2026 all gift cards must have an expiry date which appears prominently on the gift card. And the expiry date must be at least 3 years from the date of the sale.
Specifically the gift card must state the expiry date by prominently displaying one of the following:
Cards or vouchers that are for a one-time event or part of a loyalty programme are excluded. Cards sold principally to raise funds for charities are also excluded.
The wording of the amendment specifically refers to gift cards sold to consumers. (A consumer is described as a person who acquires from a supplier goods or services of a kind ordinarily acquired for personal, domestic, or household use or consumption).
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