Political commentator and lobbyist Matthew Hooton has ruled out standing for Act in Epsom at this year's general election.
In an column published online on the National Business Review this afternoon, Mr Hooton also said he would not set up a new right wing political party as had also been speculated.
Mr Hooton said he had considered setting up a new political party as a means of keeping Labour, the Greens and Hone Harawira's Mana Party out of Government by providing a viable potential coalition partner for National.
He said it was clear that any such party would need to be supported by "the remnants of Act and ideally also those who devote time and energy to the Libertarianz".
However he had learned over the summer break that "those involved with Act will not let go of the party they have been committed to, in some cases, for nearly 20 years".