Lindsay Tanner, the member for Melbourne and Federal Minister for Finance, has announced that he will stand down and not contest the seat of Melbourne at the next Federal Election.
Many commentators who attended last weekends State Conference were of the view that Tanner's speech was his valediction speech.
Tanners resignation has open up the possibility for a challenge for the seat of Melbourne with deals already in place to preselect his replacement, Andrew Giles.
Tanner has stressed in announcing his resignation that his decision has not been made as a result of Julia Gillard's election as Prime Minister. Those who have been involved in Melbourne's politics have been aware of ongoing friction and resentment coming from Tanner camp towards his former colleague Gillard