“Today I announce that I have tendered, and the Board has accepted, my resignation as Leader of ACT New Zealand.
“Clearly I make this announcement with regret, however the election result is clear, and I must now turn to my career and my family.
“I stood to lead ACT because I believe in the party’s ideas. I will continue to advance these ideas both inside and outside the Party. I do not rule out returning to a substantial role with ACT in the future.”