Overview
The New Zealand Liberal Party founded in 1991 (not to be confused with the original Liberal Party or the 1962 Liberal Party) was a splinter group of the National Party.
History
Origins
The Liberal Party was founded by Gilbert Myles and Hamish MacIntyre, two dissident National MPs. Myles and McIntyre were opponents of the economic reforms (dubbed "Ruthanasia") promoted by Minister of Finance Ruth Richardson, believing that they were harmful to society. As a result of their objections, Myles and McIntyre fell out with their National Party colleagues, and eventually decided to break away. After a short time as independents, they established the Liberal Party.
At its launch the party predicted it would win "six or seven seats" at the next election and hold the balance of power. Myles and MacIntyre also stated that they were anticipating a third National MP would soon join. They were careful not to mention a name, but media quickly identified Cam Campion as the MP inferred. Campion was interviewed and stated that he had not given up on National just yet and was still "flat out" trying to change National's policy direction.
From Wikipedia (CC BY-SA 4.0).