For many of us, the term ‘Prenuptial Agreement‘ brings to mind celebrity marriages and divorces. In Australia, we use the term ‘Binding Financial Agreement’ and it should be noted that they are not just for the rich and famous. A Binding Financial Agreement is legally enforceable and if you have assets that you wish to protect in the case of relationship breakdown, you may wish to consider making one.
When Australians voted to legalise same sex marriage, the definition of marriage under the Marriage Amendment (Definitions and Religious Freedoms) Act 2017, was redefined to read “the union of two people to the exclusion of all others, voluntarily entered into for life”. After many years of debate on 9 December 2017 , 61.6% of Australians voted to become the 25th country in the world to allow two people to marry with no definition or discrimination being applied on the basis of gender or sexuality.