Ahead of the next federal election, expected to be held late next year, political parties are finalising preselections. Lawyer Kelly O'Dwyer has secured preselection for former federal treasurer Peter Costello's seat of Higgins.
Costello's political career is now pretty much over, and he will serve out the remainder of his term on the back bench before leaving politics altogether. This also means that it can safely be said that the hopes of some people, including a high profile Pentecostal leader and self-proclaimed prophet, that Costello would one day become Prime Minister will now definitely not be realised.
Update: Costello has since announced his immediate resignation from Parliament. A by-election will be held in Higgins within weeks.