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Australia Fails To Adopt Same-sex Marriage
Australia's gay marriage rejection gives New Zealand $550m wedding windfall (CCSS Level: Grade 9, Words: 331)
May 16, 2017 Style & Living
  • More than 270 Australian same-sex couples wed in New Zealand last year
  • ANZ Bank estimates same-sex marriage could be a $550 million industry
  • Half of same-sex marriages in New Zealand were to foreigners in 2016
  • Australians were responsible for 58 per cent of same-sex foreigners to marry in NZ

If same-sex couples can't persuade politicians to let them marry, maybe their money will. Failing to legalise same-sex marriage is costing the Australian economy $550 million a year. Rising numbers of gay couples, instead of splashing out on celebrations in their own back yard, choose to take the three-hour flight across the Tasman to New Zealand to get hitched.

Foreigners were responsible for half of all same-sex marriages in New Zealand in 2016, with 58 per cent of them being Australian. More than 270 Australian same-sex couples flew to New Zealand last year and were wed in ceremonies that could add an estimated $550 million to the local economy, according to an ANZ Bank report.

"There is no doubt that Australia is missing out on the business that would be generated by same-sex weddings if they had marriage equality legislation, " said Cherelle Murphy, a senior economist at ANZ who co-authored the report. "We're probably also losing wedding-related consumption to overseas destinations."

Residents were responsible for 483 same-sex marriages or civil unions in New Zealand last year, while foreigners had a further 473.

Same-sex weddings have spawned a new global industry, with New Zealand becoming the first nation in the Asia-Pacific region to legalise same-sex marriage four years ago. Other major Western economies where gay couples can marry include the United States, United Kingdom, Canada and France. The uptick in countries legalising same-sex unions since the turn of the century has had a domino effect.

Meanwhile, gay marriage has become a political football in Australia. The current government has continued to resist passing the required legislation, saying same-sex marriage is on the 'political agenda', but in the mean time remains banned.

New Zealand became in the first nation to legalise same-sex marriage in...
The Pacific Ocean
The Atlantic region
The Indian Ocean area
The Arctic Ocean
Which country is the biggest overseas source in this market?
New Zealand
Why is it that the Australia government hasn't approved same-sex marriage?
low demand
legislation is too expensive
too politically sensitive
not interested
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