A new premier will be chosen at a Liberal party-room meeting on Tuesday after Gladys Berejiklian sensationally resigned on Friday amid revelations she is now the subject of a corruption inquiry.
The Independent Commission Against Corruption revealed that a public inquiry into Ms Berejiklian would investigate whether she breached public trust or encouraged the occurrence of corrupt conduct during her secret relationship with disgraced former MP Daryl Maguire.
Liberal Party heavyweights will spend the weekend working the phones as the process to replace Ms Berejiklian begins, with a new leader expected to be announced the same day as they are elected.
While the new premier will be confirmed at the party room meeting, a consensus candidate could be finalised before that.
The three factions within the party, the Right, Centre-Right and Moderates, will negotiate who next leads the Liberals.
The four favourites tipped to replace Ms Berejiklian are Treasurer Dominic Perrottet, Planning Minister Rob Stokes, Jobs Minister Stuart Ayres and Transport Minister Andrew Constance. Mr Perrottet hails from the Right faction; the rest are Moderates.
As well as quitting as Premier, the 51-year-old will also resign from Parliament, sparking a byelection in the lower north shore seat of Willoughby.
Ms Berejiklian said she would consult the NSW Electoral Commission on the appropriate timing for the byelection, given COVID restrictions. The Liberals hold the safe seat with a margin of more than 20 per cent.
The ICAC public hearings will begin on Monday, October 18.
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