Liberals believe in private property, private enterprise in a competitive market and economic growth. They believe in reward for effort, minimum but effective government and low taxes. They believe that the bigger the economic cake, the bigger each individual's share will be. They believe also that expanding the scope of the competitive market, thus widening consumer choice, is an important safeguard against the erosion of basic rights and freedoms. They acknowledge, however, that competition will not be preserved without government action to combat restrictive, anti-market practices on the part of businesses, government corporations or trade unions.
Australian liberalism favours an active and creative role for government in social policy.
Liberals want to extend choice in the provision of education, health and welfare services. In health and welfare they want compassionate, but cost effective systems of financial support and delivery, again with more choice. Governments should encourage self help not replace it. The services that are provided should be examined against the ability of Australians to pay for them. Good management within the Government and careful evaluation of programmes will ensure resources are well used.