Smart ladies Coco upset in political party (6,9)

I believe the answer is:

social democrats

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'political party' is the definition.
I don't know anything about this answer so I cannot tell whether it can be defined by this definition.

'smart ladies coco upset' is the wordplay.
'upset' is an anagram indicator.
'smart'+'ladies'+'coco'='smartladiescoco'
'smartladiescoco' is an anagram of 'SOCIAL DEMOCRATS'.

'in' is the link.

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I've seen this clue in the Sydney Morning Herald.

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