Barry O’Farrell resigns over Obeid gratuity

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NSW Premier Barry O’Farrell has resigned after a handwritten note in which the premier thanked the head of a company linked to Eddie Obeid for a $3000 bottle of wine was tendered to the Obeid ICAC inquiry. The wine was sent during negotiations for a $1 billion government contract with Australian Water Holdings. O’Farrell had previously denied any such gratuity.

Here’s the note he could not recall:

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Not looking too good Arthur Sinodinos today.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.