The Sunday Telegraph, March 01, 2009
""WITH this ring I thee wed, and all my worldly goods I thee endow," says the groom. "For richer, for poorer, in sickness and in health, to love and to cherish, for as long as we both shall live," murmurs the bride.
Romantic, isn't it? But, as of today, the words are a mere formality.
Until now, the bond of marriage has created a special category of relationship.
But today, all de facto relationships of more than two years' duration, be they gay, straight or even a clandestine affair, will have the power of marriage - and that puts all those worldly goods into a new universe of doubt.
Previously, de facto settlements were effectively limited to child support. Now, property, assets and superannuation are all in the mix.
Here's why this matters so much: Australia has a uniquely high-stakes system of property divison.
Judges can decide how to allocate all the property and assets owned by two married people - not just those things they acquired during their relationship or own in joint names.
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In other words, everything is up for grabs when a married couple separates.
And now, all couples who live together will be effectively considered "married", in the sense that the same legal obligations apply. You don't have to frock up and exchange rings - you just have to shift the boxes up the stairs and stay together for two years.
A relationship will also fall under the new law, if a child arrives.
So, anyone who has a baby, even if there is no relationship between the parents in any permanent sense, will be able to claim on the assets of the other.
That's it."
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