August 12, 2017

Senate seeks to remove expiration dates from gift certificates

The Gift Check Act of 2017 may spell good news to Filipino shoppers.
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gift certificate Philippines law

Gift checks may soon have no expiration date. (Image: Sodexo)


The Senate has approved on second reading Senate Bill 1466 or the Gift Check Act of 2017. The bill was authored by Sen. Juan Miguel Zubiri, and proposes to remove expiration dates from gift certificates.

In his sponsorship speech presenting the bill, Zubiri stated that since cash has no expiration, gift checks should also have no expiry dates. Zubiri further stated that the proposed law will benefit the consumers, buyers, and recipients of gift checks.

However, Zubiri also differentiated gift checks (GCs), gift certificates, or gift cards from coupons and vouchers. Gift checks are issued to an individual as monetary consideration or given as an honor by a single merchant or affiliation of merchants. On the other hand, coupons and vouchers can be used to redeem discounts on items and services, and can be exchanged for another item or service.

Exempted from the proposed law are GCs given to customers as a form of reward, or those given for loyalty or promotional programs, as well as vouchers and coupons.

Defaced, damaged, or lost GCs would also be exempted to secure equal protection between issuers and recipients.

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Disclaimer: All articles in the Consumers Magazine of ShoppersGuide.com.ph (SG) are for general information and entertainment purposes only. Although careful research has been made in writing them, SG does not make any warranty about the completeness and accuracy of all information presented in our articles. Our content is not intended to be used in place of legal, medical, or any professional advice.

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August 12, 2017

Senate seeks to remove expiration dates from gift certificates

The Gift Check Act of 2017 may spell good news to Filipino shoppers.



gift certificate Philippines law

Gift checks may soon have no expiration date. (Image: Sodexo)


The Senate has approved on second reading Senate Bill 1466 or the Gift Check Act of 2017. The bill was authored by Sen. Juan Miguel Zubiri, and proposes to remove expiration dates from gift certificates.

In his sponsorship speech presenting the bill, Zubiri stated that since cash has no expiration, gift checks should also have no expiry dates. Zubiri further stated that the proposed law will benefit the consumers, buyers, and recipients of gift checks.

However, Zubiri also differentiated gift checks (GCs), gift certificates, or gift cards from coupons and vouchers. Gift checks are issued to an individual as monetary consideration or given as an honor by a single merchant or affiliation of merchants. On the other hand, coupons and vouchers can be used to redeem discounts on items and services, and can be exchanged for another item or service.

Exempted from the proposed law are GCs given to customers as a form of reward, or those given for loyalty or promotional programs, as well as vouchers and coupons.

Defaced, damaged, or lost GCs would also be exempted to secure equal protection between issuers and recipients.

SHARE this ARTICLE
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Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Disclaimer: All articles in the Consumers Magazine of ShoppersGuide.com.ph (SG) are for general information and entertainment purposes only. Although careful research has been made in writing them, SG does not make any warranty about the completeness and accuracy of all information presented in our articles. Our content is not intended to be used in place of legal, medical, or any professional advice.

Sending feedback. Please wait...

Your comment has been sent.

Your comment is important to us. ShoppersGuide is now notified and will review the comment you sent.

An error has occurred!

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August 12, 2017

Senate seeks to remove expiration dates from gift certificates

The Gift Check Act of 2017 may spell good news to Filipino shoppers.
SHARE this ARTICLE
Facebook Twitter Google+



gift certificate Philippines law

Gift checks may soon have no expiration date. (Image: Sodexo)


The Senate has approved on second reading Senate Bill 1466 or the Gift Check Act of 2017. The bill was authored by Sen. Juan Miguel Zubiri, and proposes to remove expiration dates from gift certificates.

In his sponsorship speech presenting the bill, Zubiri stated that since cash has no expiration, gift checks should also have no expiry dates. Zubiri further stated that the proposed law will benefit the consumers, buyers, and recipients of gift checks.

However, Zubiri also differentiated gift checks (GCs), gift certificates, or gift cards from coupons and vouchers. Gift checks are issued to an individual as monetary consideration or given as an honor by a single merchant or affiliation of merchants. On the other hand, coupons and vouchers can be used to redeem discounts on items and services, and can be exchanged for another item or service.

Exempted from the proposed law are GCs given to customers as a form of reward, or those given for loyalty or promotional programs, as well as vouchers and coupons.

Defaced, damaged, or lost GCs would also be exempted to secure equal protection between issuers and recipients.

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Disclaimer: All articles in the Consumers Magazine of ShoppersGuide.com.ph (SG) are for general information and entertainment purposes only. Although careful research has been made in writing them, SG does not make any warranty about the completeness and accuracy of all information presented in our articles. Our content is not intended to be used in place of legal, medical, or any professional advice.

Sending feedback. Please wait...

Your comment has been sent.

Your comment is important to us. ShoppersGuide is now notified and will review the comment you sent.

An error has occurred!

Sorry for the inconvenience. ShoppersGuide is currently fixing this.

August 12, 2017

Senate seeks to remove expiration dates from gift certificates

The Gift Check Act of 2017 may spell good news to Filipino shoppers.



gift certificate Philippines law

Gift checks may soon have no expiration date. (Image: Sodexo)


The Senate has approved on second reading Senate Bill 1466 or the Gift Check Act of 2017. The bill was authored by Sen. Juan Miguel Zubiri, and proposes to remove expiration dates from gift certificates.

In his sponsorship speech presenting the bill, Zubiri stated that since cash has no expiration, gift checks should also have no expiry dates. Zubiri further stated that the proposed law will benefit the consumers, buyers, and recipients of gift checks.

However, Zubiri also differentiated gift checks (GCs), gift certificates, or gift cards from coupons and vouchers. Gift checks are issued to an individual as monetary consideration or given as an honor by a single merchant or affiliation of merchants. On the other hand, coupons and vouchers can be used to redeem discounts on items and services, and can be exchanged for another item or service.

Exempted from the proposed law are GCs given to customers as a form of reward, or those given for loyalty or promotional programs, as well as vouchers and coupons.

Defaced, damaged, or lost GCs would also be exempted to secure equal protection between issuers and recipients.

SHARE this ARTICLE
Facebook Twitter Google+

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Denisse Shawntel Tan

Denisse Shawntel Tan balances her time and attention between writing and drawing. She graduated with a degree in journalism from the University of Santo Tomas. Her lifelong dreams are to publish a novel and to hold an art exhibit. On her free time, Denisse paints and does DIY projects.

Disclaimer: All articles in the Consumers Magazine of ShoppersGuide.com.ph (SG) are for general information and entertainment purposes only. Although careful research has been made in writing them, SG does not make any warranty about the completeness and accuracy of all information presented in our articles. Our content is not intended to be used in place of legal, medical, or any professional advice.

Sending feedback. Please wait...

Your comment has been sent.

Your comment is important to us. ShoppersGuide is now notified and will review the comment you sent.

An error has occurred!

Sorry for the inconvenience. ShoppersGuide is currently fixing this.


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