This consultation process has now been completed. Submissions available
Date
-
Consultation Type
Exposure Draft
Key Documents
The Government has released for public consultation an exposure draft of the Competition and Consumer Amendment (Gift Cards) Bill 2018 and explanatory materials. The Bill would:
- mandate minimum three year expiry dates for gift cards;
- require gift cards to display expiry dates; and
- ban post-purchase fees on gift cards.
It would also specify penalties for non‑compliance and create a regulation-making power. Included in the explanatory materials is an Explanatory Memorandum for the Bill and a consultation paper which provides additional information on how the new regulation making power will operate including clarifying the definition of a gift card, specifying exemptions and defining allowable post-purchase fees.