Liberal Party of Australia

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The Liberal Party of Australia is an Australian political party.

Founded a year after the 1943 federal election to replace the United Australia Party, the centre-right Liberal Party typically competes with the centre-left Australian Labor Party for political office. Federally, the Liberal Party runs in a Coalition with the National Party (formerly the Country Party), and more recently with the Country Liberal Party and the Liberal National Party of Queensland. Except for a few short periods, the Coalition has been in existence for almost a century.

In federal politics, the Liberal Party is in opposition since losing the 2007 federal election, having held power since the 1996 election.

At the state and territory level, the Liberals hold government as a minority government in Western Australia and following the 2010 state election the party holds government in a Coalition status with the Nationals in Victoria.

Since the Liberal Party of Australia leadership election of 2009, the federal leader of the party has been Tony Abbott, with Julie Bishop as deputy.

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Philosophies and factionalism

Modern Liberalism in Australia is represented in the vast majority by the Liberal Party of Australia, who are generally an advocate of economic liberalism (see New Right). However, during Liberal governments prior to the Howard Government, the party was quite interventionist in its economic policy and maintained Australia's high tariff levels. At that time, the Liberals' coalition partner, the Country Party, the older of the two in the coalition (now known as the "National Party"), had considerable influence over the government's economic policies.

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