The new rules for gift cards – what you need to know

The new rules for gift cards – what you need to know

In Australia, around 34 million gift cards are sold each year with an estimated value of $2.5 billion. On average, an estimated $70 million is lost because of expiry dates.  Until recently, there was no national regulation for the minimum length of time a gift card should last. In late 2017, New South Wales introduced […]

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ACCC gets tough on credit card surcharge

ACCC gets tough on credit card surcharge

The ACCC has issued a warning to businesses charging excessive credit card fees. One large merchant has already been issued with four infringement notices and has paid $43,200 in penalties. The new rules, which came into effect from 1 September 2017, prevent merchants from charging more than the true cost of the transaction. As a […]

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