Wodonga-based Steve Martin recently kept the door open to seeking preselection again, but has "100 per cent" ruled himself out.

He declined to comment further when contacted by The Border Mail.

Late Thursday, Mr Martin revealed on social media his reasons for not standing for preselection.

"Sadly the timing is not right for me to run this time," he said.

"The fire is still there but my first responsibility is always to my family.

"I look forward to seeing who is preselected, and assisting in whatever way I can in the coming election."

Mr Martin emerged victorious over Stephen Brooks and Andrew Walpole the last time the Indi Liberals conducted a preselection convention in the lead-up to the 2019 election.

His campaign was boosted by two appearances in the electorate by Prime Minister Scott Morrison and polled nearly 3000 more primary votes than eventual winner, Helen Haines.

But he lost on preferences after the National Party vote plummeted from 17.2 per cent at the 2016 election to 9.45 per cent three years later.

IN OTHER NEWS

The Nationals' candidate at the 2016 election Marty Corboy has moved to Wagga and won't be a starter.

Former Wodonga mayor Mark Byatt was the Nationals candidate at the 2019 election.

Labor's vote in Indi has also crashed since independent Cathy McGowan won the seat in 2013.

The Liberal Party opened preselection in more than 20 Victorian seats including Indi earlier this week with no closing date for nominations announced.

Indi Liberal federal electorate conference executive members were meeting on Thursday night to discuss the preselection strategy.

Sophie Mirabella held Indi for the Liberals from 2001 to 2013 when she was narrowly beaten by Ms McGowan, who has been actively campaigning for more independents to be elected to parliament in recent times.

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