Corrupt former Labor minister Eddie Obeid has been jailed for a minimum of three years:
NSW Premier Mike Baird says Eddie Obeid will be stripped of his lifetime pension, around $120,000 each year, after his jailing over wilful misconduct.
The government has removed a loophole in legislation that only strips parliamentarians of their allowance if they are convicted of a serious offence, but only while they are in office.
Former Labor powerbroker Obeid, 73, was sentenced this morning to a non-parole period of three years in prison, with a maximum term of five years, for wilful misconduct offences in public office.
He retired from parliament retired in 2011.
Under the current rules, any MP convicted of an offence that punishable by imprisonment for more than five years is liable to lose their parliamentary pension, but this does not apply to former MPs convicted after leaving parliament.
“The crimes of Eddie Obeid and his cronies are the most serious instance of official corruption we have seen in our lifetime,” Mr Baird said.
“Regardless of political affiliation, any MP who commits a serious offence while in office should face the consequences, and should not be shielded simply because they resign before being charged.”
Mr Baird said the government will also move to recover taxpayer-funded legal assistance provided to Mr Obeid because of his position as a former minister, a bill which runs to more than $280,000.
However, costs incurred by the state during the Independent Commission Against Corruption’s investigations of Mr Obeid which have not led to convictions cannot be recovered.