The five Nationalrat members were Heide Schmidt, Klara Motter, Friedhelm Frischenschlager, Hans Helmut Moser, and Thomas Barmüller.

After some initial confusion, the chairs of the house accepted the new formation as an official party, thereby granting access to public financial means of support.

However, following the resignation of Schmidt as chairperson and the elections in 1999, the party's support plummeted, and it failed to gain any seats.

In the elections of 3 October 1999, the party obtained 3.65% of all votes and therefore failed to surmount the 4% mandatory threshold in order to enter parliament.

[14] The party supported:[citation needed] The chart below shows a timeline of the Liberal chairpersons and the Chancellors of Austria.

In the 2006 elections, the Liberal Forum did not stand, but chairman Alexander Zach instead ran on the Social Democratic Party of Austria electoral list as an independent.

[15] Shortly before the elections, there were allegations that Zach had lobbied for EADS, leading to his resignation in order to protect the party's integrity; Schmidt took over as interim leader.