FORMER Northern Territory chief minister Paul Henderson has announced he is retiring from politics, sparking a by-election in his safe seat.
Mr Henderson, 50, who was chief minister from 2007 until last year, said he had no firm plans about what he would do now that he had retired from politics.
He ruled out speculation that he may seek a role in federal politics.
It was important he could spend more time with his three children, Mr Henderson told reporters.
No date for a by-election to be held in his safe seat of Wanguri has been settled, but it is likely to be March 2 or 9.
"The Territory is a much better and different place today than it was 10 years ago," Mr Henderson told reporters on Tuesday.
He said it was a tough decision to retire from politics, and he defended his comments before the last election when he told voters he would stay in parliament to complete his term, even if the ALP lost power.
"I think in fact it is the norm that a party leader who has lost an election will move on and it is time for renewal," he said.
He said his biggest regret from his time in office was that he couldn't further boost the number of indigenous children attending school.
Political commentator from Charles Darwin University, Ken Parish, said Mr Henderson's announcement was probably timed to coincide with a popularity slump from the ruling Country Liberal Party, maximising the ALP's chances in a by-election.
NT Opposition Leader Delia Lawrie said it was a sad day for the Territory.
"Paul Henderson has been a great contributor and he is leaving an enormous legacy," Ms Lawrie said.
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