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The Socialist Equality Party (SEP) is a Trotskyist political party. The SEP is the successor to the Socialist Labour League, which was founded in 1972 as the Australian section of the International Committee of the Fourth International (ICFI). The ICFI publishes daily news articles, perspectives and commentaries on the World Socialist Web Site.

According to the SEP's statement of principles, "The central task of the SEP is to win the support of Australian workers for the program of international socialism. The SEP strives, on the basis of this program, to unify and mobilise the working class for the conquest of political power and the establishment of a workers’ state in Australia. In doing so, it will create the objective preconditions for the development of a genuinely democratic, egalitarian and socialist society. These objectives can be realised only within the framework of an international strategy, the goal of which is the global unification of the workers of all countries and the creation of a United Socialist States of the World."

The SEP held its official founding congress in January 2010, when it adopted two documents: The Historical and International Foundations of the Socialist Equality Party (Australia) and its statement of principles. The SEP is a registered political party in Australia that has regularly participated in elections at the state and federal level. In the 2010 federal election, the SEP stood 10 candidates for the House of Representatives and Senate candidates in New South Wales and Victoria.