Liberal Party of Australia was created in 1944.

Liberal Democratic Party - Australia - was created in 2001.

Tony Abbott does not "run" the Liberal Party of Australia; he is the leader, which is somewhat different. He was elected leader of the Liberal Party on 1 December 2009.

The Liberal Party is a political party that is meant to be a representative for business and capitalism.

Tony Abbott was elected leader of the Liberal Party in Australia on 1 December 2009.