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The '''Liberal Party of Australia''' is a the main [[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 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.
