Sometimes the enemy is within:
Not long after his 1983 defeat by Hawke, Fraser himself lost faith in the Liberal Party. As Patrick Morgan documents in his book B.A. Santamaria: Running the Show, by 1992 Santamaria was working with Fraser and La Trobe University academics Robert Manne and John Carroll with a view to setting up a new protectionist and interventionist political party. This is confirmed by Fraser in his book Malcolm Fraser: The Political Memoirs.