Australia's economic engine has sputtered as the commodities boom loses steam, but the country could get a fillip from legalizing same-sex marriage.
Malcolm Turnbull's ousting of Tony Abbott as prime minister last month sparked speculation the issue could be revisited: Turnbull has made his pro-marriage equality views known.
So although Turnbull has said he would stick to his predecessor's timetable of holding a referendum on the issue sometime after the next election -- which must be held by January 2017 -- calculations are already being made on how same-sex marriages could benefit Australia.
"In an economy that is challenged for fresh sources of domestic demand, a rush of same-sex weddings would have a small positive impact on activity and confidence," ANZ said in a note Tuesday.
"There would be an economic benefit from increased expenditure on weddings, honeymoons, and the potential improved image of Australia as a more tolerant and progressive country."
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Australia's Marriage Act currently specifies marriage must be heterosexual, although some states allow same-sex partnerships, which provide access to some, but not all, of the government services available to heterosexual couples.