Well, if not communism, then definitely socialism.
The Labor Party's Constitution tells us so:
PART B – OBJECTIVES AND PRINCIPLES
Origins
3 The Australian Labor Party had its origins in:
(a) the aspirations of the Australian people for a decent, secure, dignified and
constructive way of life;
(b) the recognition by the trade union movement of the necessity for a political voice
to take forward the struggle of the working class against the excesses, injustices
and inequalities of capitalism; and
(c) the commitment by the Australian people to the creation of an independent, free
and enlightened Australia.
Objectives
4 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.
5 To achieve the political and social values of equality, democracy, liberty and social cooperation
inherent in this objective, the Australian Labor Party stands for:
(a)
redistribution of political and economic power
so that all members of society have
the opportunity to participate in the shaping and control of the institutions and
relationships which determine their lives;
(b) establishment and development of public enterprises, based upon federal, state
and other forms of social ownership, in appropriate sectors of the economy;
(c) democratic control and strategic social ownership of Australian natural resources
for the benefit of all Australians;
...
https://cdn.australianlabor.com.au/documents/ALP_National_Constitution.pdf