The National's Federal Member for Parkes Jamie Chaffey has released a statement addressing the split between the Nationals and the Liberal Coalition, which was announced by Federal Nationals Leader David Littleproud earlier today.

"Today is a huge day in National Party History, and the decision to spilt with The Liberals and to not enter into a Coalition Agreement is a momentous one," said Mr Chaffey.

"As a new member of The National's Party Room, I couldn't support a position to walk away from policies that we took to the election […] simply to stay in a Coalition with The Liberal Party, who don't know what policies they do or will support.

"That would be unfair to our National Party members, supporters, and those who voted for The Nationals."

Earlier today Mr Littleproud outlined several policy decisions that caused the split, including the Regional Australia Future Fund, nuclear power, and supermarket divestiture powers.

"It is unfortunate that we are in this position after such a long history with The Liberal Party, but I firmly believe that The Nationals have made the right decision, and we must stand by these policies to truly represent the people of the Parkes electorate and regional Australia," said Mr Chaffey.

Despite the split, the Nationals have left the door open for potential reconciliation.

Nationals Senator Bridget McKenzie appeared on Sky News this afternoon, saying the decision to return to Coalition was up to the Liberal Party.

"We have not left the Liberal Party, the Liberal Party has left us," Ms McKenzie said.

"The Liberal Party's inability to meet us and guarantee those policies for us was the reason we split today.  

"There's no point discussing any other matters that would be included in a Coalition agreement if you can't get past the first gate, and unfortunately for the Liberal Party and the Liberal leader she was unable to do that."  

David Littleproud, Jamie Chaffey and Bridget McKenzie in Broken Hill. IMAGE SUPPLIED.

Mr Chaffey echoed party sentiments of a possible reunion in his statement as well, but stressed the Nationals would continue to stand up for regional Australians.  

"I do hope that this isn't a long-term arrangement as the country needs a united Opposition to hold the Labor Government accountable, but not at the cost of the people that we represent," Mr Chaffey stated.  

Recently appointed Liberal Party leader Sussan Ley spoke about the decision at Parliament House, expressing her disappointment at the Nationals choice to leave the Coalition.  

However, she has also highlighted the possibility of the Coalition reforming.  

"We will take the time to get this right. We'll listen, we'll step up, we'll modernise and we will rebuild," said Ms Ley.  

The Liberal Party is expected to announce its shadow ministry in the coming days.