liquidation day: Key points:Day earlier signalled his intention to resign, but pulled back on that announcement Pressure has been mounting on him to resign after his company went into liquidation Day says he will now work with those affected by the closure of his company His resignation deprives the Government of a certain vote on its Australian Building and Construction Commission legislation, according to Australian Broadcasting Corporation. Pressure had been mounting on the now-former senator to resign as his construction company crumbled. Related Story: Bob Day playing 'silly politics' and should quit, say Labor, Greens Related Story: Bob Day could stay in Senate if white knight saves troubled company Related Story: 'I will repay all debts': Day pledge as political career ends Map: SA Family First senator Bob Day has tendered his resignation, effective immediately. As Home Australia went into liquidation, Mr Day signalled his intention to resign, but later appeared to pull back on that announcement as an investor circled his failed business. 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." South Australia parliament will now have to convene a joint sitting to appoint a replacement, a process which requires seven days' notice. In a statement issued today, he said that potential investors would not be financing his company. "While a number of offers for various parts of the Home Australia business have been received, the major investor who has been examining the group portfolio of assets over the past fortnight, has decided not to proceed," he said. "Accordingly, I have today tendered my resignation to the president of the Senate effective immediately.
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