The Liberal Party of Australia is a centre-right political party in Australia. It is one of the two major parties in Australian politics, the other being the Australian Labor Party. The Liberal Party was founded in 1944 as the successor to the United Australia Party. Historically the most successful political party in Australia’s history, the Liberal Party is now in opposition at a federal level, although it presently holds government in Tasmania, Queensland and the Northern Territory at a sub-national level.