On 26 July, the Government released for public consultation an exposure draft of the Competition and Consumer Amendment (Gift Cards) Bill 2018 (Bill) and Exposure Draft Explanatory Materials. A consultation paper was also released clarifying the definition of gift cards and explaining the exemptions.
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.
Submissions are due by 9 August.