The former Labor leader on Thursday said he would not contest the next federal election, bringing to an end a 17-year career in parliament.

Mr Shorten will stay on as NDIS minister until he leaves federal politics, pledging to use every minute left to secure the future of the national disability scheme.

Despite the long hours and nights spent away from his family, Mr Shorten said it was a privilege to have served in the parliament and “wouldn’t hand a single day back”.

“If there are attributes which got you to somewhere, then try and retain some of that,” he told ABC’s RN on Friday.

“That doesn’t mean don’t listen. That doesn’t mean be arrogant. But back yourself.

“I’ve reached a point where just say what you think, and if you don’t believe something, shut up. Don’t fake it.”

Thanking his constituents, Mr Shorten ended the radio interview with the Spanish farewell “hasta la vista”.

Opposition Leader Peter Dutton praised Mr Shorten’s service to the nation.

“Our country’s been the net beneficiary from having Bill in public life,” Mr Dutton told Nine’s Today on Friday.

“I know that he contributed significantly, particularly when he was opposition leader to national security debates, which are ultimately the most important thing that we can do for our country.

“He’s been somebody who when you shake his hand or you have a conversation, you do a deal, he honours it.”

Changes to the NDIS passed parliament in August, which limited spending growth to eight per cent per year, following concerns costs were increasing too quickly.

People with disabilities who use the scheme will face more stringent requirements for funding.

Mr Shorten said he would take up the position as vice-chancellor at the University of Canberra from February following his stint in politics.

Bill Shorten with wife Chloe, daughter Clementine, and prime minister.

People with Disability Australia acting chief executive Megan Spindler-Smith said Mr Shorten’s role in helping to create the NDIS would be a part of his political legacy.

“It is our sincere hope that this commitment to collaboration continues and deepens with any ministerial appointment to this portfolio in future,” she said.

Australian Workers Union national secretary Paul Farrow said Mr Shorten had left a large legacy.

Mr Shorten previously served as the head of the union before entering parliament.

“Bill led the union defining moments, including the collapse of Ansett and the Beaconsfield mine disaster,” Mr Farrow said.

“His leadership during these crises showed his relentless drive to support workers and ensure their rights were defended.”