Acts and Regulations

2008-152 - General

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Current to 1 January 2024
NEW BRUNSWICK
REGULATION 2008-152
under the
Gift Cards Act
(O.C. 2008-545)
Filed December 19, 2008
Under section 7 of the Gift Cards Act, the Lieutenant-Governor in Council makes the following Regulation:
Citation
1This Regulation may be cited as the General Regulation - Gift Cards Act.
Definitions
2The following definitions apply in this Regulation.
“Act” means the Gift Cards Act.(Loi)
“multiple-store card” means a gift card that may be redeemed for goods or services at multiple unaffiliated sellers.(carte-cadeau polyvalente)
Permitted expiry date
3The following gift cards may have expiry dates:
(a) those issued or sold for a charitable purpose;
(b) those issued or sold for a specific good or service; and
(c) those issued for a marketing, advertising or promotional purpose.
Permitted fees
4(1)A person who issues or sells a gift card may charge fees on the following gift cards:
(a) those issued or sold for a charitable purpose; and
(b) those issued for a marketing, advertising or promotional purpose.
4(2)A person who issues or sells a gift card may charge a fee for replacing a lost or stolen card or to customize a card.
4(3)A person who issues or sells a multiple-store card may begin to charge a dormancy fee of up to $2.50 per month on the unredeemed balance on the card no earlier than
(a) 15 months after the card was issued, sold or last used, or
(b) 18 months after the card was issued, sold or last used, if the card holder requests an extension in the fifteenth month after the card was issued, sold or last used.
4(4)The time limits in subsection (3) begin to run each time a multiple-store card is used.
Disclosure of restrictions, limitations, terms and conditions
5(1)A person who issues or sells a gift card must provide the information prescribed in subsection 5(1) of the Act in writing.
5(2)A multiple-store card that provides for a dormancy fee shall include:
(a) a prominent notice on the front of the card indicating that the back of the card contains information about the fee; and
(b) information on the back of the card clearly describing the amount payable for the fee and the number of months that must elapse before the fee applies.
N.B. This regulation is consolidated to December 19, 2008.