McGauran to quit Parliament, says Albanese

Federal Labor frontbencher Anthony Albanese claims National Party MP Peter McGauran is set to leave Parliament and take up a job in the thoroughbred industry.

Mr Albanese says he has heard from industry sources about the imminent departure of Mr McGauran from Parliament.

There has been speculation about the possibility of several senior Coalition figures leaving politics after their defeat in the last election.

Mr Albanese says Mr McGauran, who currently holds the Victorian seat of Gippsland, has already lined up a job.

"He's been talking about a job which has been proposed in the thoroughbred industry - interestingly the same industry in which he presided over as minister," he said.