Independent Rob Oakeshott has confirmed he will accept the role of speaker in the House of Representatives if nominated by another MP.

In a statement released on Wednesday, Mr Oakeshott said he had made the decision in the wake of a series of parliamentary reforms, which he spearheaded, being agreed to by Labor and the coalition.

"In light of parliamentary reforms that will allow greater participation in constituency issues from the speaker's chair ... if nominated by a fellow MP I would accept that nomination when parliament returns on the 28th September," Mr Oakeshott said.

An agreement on pairing rights, giving the speaker a casting vote and allowing participation in private member's business were crucial factors in the decision, he said.

"I am aware 149 other parliamentary colleagues have a say in who is to be the speaker in the next Australian parliament, and in the end, I accept the collective view either way."