Unfair loss or legit revenue stream? The debate over expired gift cards

(Image: Getty)

Wed, 17 Jan 2024

New Zealanders are losing an estimated $10 million a year by forgetting to use gift cards before they expire, which the National party wants to do something about.In 2019, Australia introduced a minimum three-year expiration date for most kinds of gift cards, and last year, National MP Melissa Lee introduced a member’s bill that would add a similar requirement to our Fair Trading Act (FTA).Although National was in opposition at the time, thanks to support from both sides of the House, the bill passed its first reading and procee...

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