Melissa Lee: National MP on her bill to extend minimum expiry dates to three years for gift cards
Retailers are less than keen on the idea of extending gift card expiry dates.
The minimum expiry date could be extended to three years under Melissa Lee's Fair Trading Amendment Bill.
The National MP says the legislation gives the recipient a more reasonable period to redeem the card’s full value.
But Retail NZ chief executive Greg Harford says it could have negative impacts on business owners.
He says it will create accounting challenges as they will have to keep revenue on their books for longer.
National MP Melissa Lee joined Mike Hosking.
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