Incumbent AOC President John Coates, who has held the post since 1990, vowed to help support a bid for the Olympics yesterday.

In an interview with the ABC 730 programme prior to the AOC election, Coates claimed he would look to support an Australian bid.

“What I want to do, whether it's 2028 or 2032, is to champion that both in Australia and internationally," he said.

Prior to tomorrow’s Presidential election, due to take place at the Museum of Contemporary Art in Sydney, Roche claimed she would work collaboratively with Government to decide whether a bid should proceed.

"I wouldn't be making a unilateral decision on that," she said, according to the Australian Financial Review.

"If that was the desire of the state government and the federal government, I would work collaboratively with them."

South East Queensland Council of Mayors agreed to go ahead with a feasibility study back in September, despite Gold Coast and Logan City Councils voting against contributing funds.

The study, which will explore whether a bid from the region would be possible, is set to cost around AUS$2.5 million (£1.5 million/$1.9 million/€1.7 million).

It was a move welcomed by Coates, which he described as the “first step” in the process towards bringing the Olympic and Paralympic Games to the country for the first time since Sydney hosted the event in 2000.

Queensland Premier Annastacia Palaszczuk has also played down the prospect of an Olympic bid, claiming the suggestion is currently premature.

Palaszczuk asserted that her focus was ensuring next year’s Commonwealth Games in Gold Coast are a success.

“I would like to see some funds from the Federal Government if that bid is going to go ahead,” she told Sunrise.

“I am purely focused on the Commonwealth Games, we have got the Commonwealth Games coming to the Gold Coast next year.

“That is where my focus is.

“Anything else about Olympic bids are very premature and I have had no discussions with the Olympic Committee about that or the federal Prime Minister as well.”

A bid for the 2028 Olympic Games would also depend on the outcome reached by a International Olympic Committee (IOC) working group, who are discuss reforms to the bid process, including possibly jointly awarding the 2024 and 2028 Games later this year.

The working group was announced in March and is comprised of the four IOC vice-presidents, including Coates.

Turkey's Uğur Erdener, China's Yu Zaiqing and Spain's Juan Antonio Samaranch complete the group, who will report during the IOC Candidature City Briefing taking place in Lausanne on July 11 and 12.

IOC members will have "discussions" there based on the recommendations made by the working group.

It is then possible that host cities for both Games could be named at the IOC Session in Lima on September 13.

Los Angeles and Paris are the only remaining bidders in the 2024 race following the withdrawal of Budapest, Hamburg and Rome.

The co-awarding plan has gathered pace in recent months in a bid to avoid missing out on either the French or American cities.