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The '''Liberal Party of Australia''' is a [[conservative]]-leaning political party based in the Commonwealth of [[Australia]]. The Liberal Party was founded in 1944 by [[Robert Menzies|Sir Robert Menzies]].  Robert Menzies kept the Liberal Party in power during much of the post-war boom. As with many other Western democracies the winds of change swept through Australia and the Liberal Party was ousted from power by [[Gough Whitlam]] and the [[Australian Labor Party]] in 1972.  

The '''Liberal Party of Australia''' is the main [[conservative]] political party based in the Commonwealth of [[Australia]]. The Liberal Party was founded in 1944 by [[Robert Menzies|Sir Robert Menzies]].  Robert Menzies kept the Liberal Party in power during much of the post-war boom. As with many other Western democracies the winds of change swept through Australia and the Liberal Party was ousted from power by [[Gough Whitlam]] and the [[Australian Labor Party]] in 1972.  

The Liberals in general believe in low levels of government interference in the economy and are understood to be more socially conservative than their more left wing political opposition, the [[Australian Labor Party]]. Thus in this sense, the term "liberal" refers to neo-liberalism rather than the social liberalism that is implied in the American context.  

The Liberals in general believe in low levels of government interference in the economy and are understood to be more socially conservative than their more left wing political opposition, the [[Australian Labor Party]]. Thus in this sense, the term "liberal" refers to neo-liberalism rather than the social liberalism that is implied in the American context.