The Commerce Commission has issued guidance on changes to gift card rules

From the 16th of March, all gift cards will have to have a minimum expiry date of three years.

It applies to all cards bought whether in exchange for money, a deduction in loyalty points, or bundled up with the purchase of any other goods or services.

It will not apply to repaid top-up cards for telecommunication services, public transport, electricity, gas, or water services or cards given out free.