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Family First senator Bob Day resigns

AAP logoAAP 1/11/2016

Family First senator Bob Day has formally resigned from the upper house.

In a statement on Tuesday, Senator Day said the major investor that had been examining his Home Australia business over the past fortnight had decided not to proceed.

"It has been an honour and a privilege to serve as a senator for South Australia and I am sorry it has ended this way," he said.

"I will now devote my time and energy to assisting those who have been affected by the company's closure."

He wrote to Senate President Stephen Parry on Tuesday morning to tender his resignation effective immediately.

His former chief of staff Rikki Lambert confirmed he would put himself forward as a candidate for the now vacant Senate seat but wouldn't make any comment on the preselection.

Senator Day's Home Australia group of companies has been placed into liquidation, halting construction on 207 new homes in SA, Western Australia, Queensland, Victoria and NSW.

He announced earlier this month that he would quit the Senate because of financial problems with the housing group he founded.

But last week, the senator indicated he might stay on and see out his parliamentary term if an investor could revive his housing group.

He said he would attend the parliamentary sitting starting next Monday to support bills allowing a same-sex marriage plebiscite and reinstating the building industry watchdog.

Senator Day has provided a crucial vote for government legislation and motions since he was first elected in 2013.

Labor and the Greens had been calling for Senator Day to formally resign or give a date for his departure.

"Not as worried about Bob Day's future as I am about the hundreds of families and contractors who've been ripped off by his companies," Opposition Leader Bill Shorten tweeted after the news broke.

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