Mr Fraser resigned in December, shortly after Malcolm Turnbull was turfed as opposition leader over his support for emissions trading, The Australian Financial Review reported.
He allegedly told friends his replacement, Tony Abbott, was "all over the place" on policy and disliked the racist overtones adopted by the party in the debate on immigration.
Mr Fraser, the prime minister from 1975 to 1983, confirmed his decision to quit yesterday, saying the party was no longer a liberal party but a conservative party.
Link:
http://www.theage.com.au/national/former-pm-malcolm-fraser-quits-liberal-party-20100526-wbes.html?autostart=1There is also a poll there asking if you believe the Libs have gone too far to the right.
I found this one very interesting this morning. I have been saying (at home) for a while now, that Abbott could end up being the death of the Libs, and with a big cohort like this leaving, it will be interesting which others may quit the party as well, which could just leave this to being the end of the Libs and a new party being formed.