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.

LISTEN ABOVE

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.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.