Gift cards sold to consumers after 1 November 2019 are required to have an expiry date of at least three years from the date of sale. The card must clearly show the expiry date or as a period of time from the date of purchase.
Cards sold before 1 November 2019 are not subject to the requirements.
A business is not permitted to charge any fees following the purchase of the card, for example to activate the card or to enquire about the balance left.
Cards that are not considered gift cards for this legislation include:
South Australian legislation relating to gift cards was repealed in September 2020 to avoid confusion with the Commonwealth legislation.
[see Competition and Consumer Act 2010 (Cth) Sch 2 s 99A, 99B and 99C and Competition and Consumer Regulations 2010 (Cth) r 89A, 89B and 89C].