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Matches in DBpedia 2014 for { ?s ?p The Australian Labor Party (also ALP and Labor, was Labour before 1912) is an Australian political party. The party has been in opposition at federal level since the 2013 election. Bill Shorten has been the party's federal parliamentary leader since 13 October 2013. The party is a federal party with branches in each state and territory. The ALP forms government in South Australia, and the Australian Capital Territory. The party competes against the Liberal/National Coalition for political office at the federal and state (and sometimes local) levels.Labor's constitution states: "The Australian Labor Party is a democratic socialist party and has the objective of the democratic socialisation of industry, production, distribution and exchange, to the extent necessary to eliminate exploitation and other anti-social features in these fields." This "socialist objective" was introduced in 1921, but has since been qualified by two further objectives: "maintenance of and support for a competitive non-monopolistic private sector" and "the right to own private property." Labor governments have not attempted the "democratic socialisation" of any industry since the 1940s, when the Chifley government failed to nationalise the private banks, and in fact have privatised several industries such as aviation and banking. Labor's current National Platform describes the party as "a modern social democratic party", "the party of opportunity andsecurity for working people" and "a party of active government."The ALP was founded as a federal party prior to the first sitting of the Australian Parliament in 1901, but is descended from labour parties founded in the various Australian colonies by the emerging labour movement in Australia, formally beginning in 1892. Labor is thus the country's oldest political party. Colonial labour parties contested seats from 1891, and federal seats following the Federation at the 1901 federal election. Labor was the first party in Australia to win a majority in either house of the Australian Parliament, at the 1910 federal election. The ALP pre-dates both the British Labour Party and New Zealand Labour Party in party formation, government, and policy implementation.. }

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