Niall Collins (Limerick County, Fianna Fail) | Oireachtas source

We have not sought to be prescriptive in the Bill in terms of the fees and charges or the terms and conditions. It is about making the purchaser of the voucher completely aware that when purchasing the card or voucher he or she knows it is being purchased with set terms and conditions, whatever they may be. We are not getting into prescribing fees or the discounting. The Bill prescribes the five year definitive period of time. It also defines a gift voucher because it is not defined in law at present. However, we are not getting into the detail or telling people what to do. That is a business issue and the marketplace will dictate much of it. If people are shopping around and they know retailer X is offering a €100 voucher with a discount down to €50 or €60 within a defined period of time and retailer Y is offering one that remains at face value of €100, where will they go? The market will decide that.