Newcastle MP Tim Crakanthorp has been sensationally sacked from state cabinet for allegedly failing to disclose "substantial private family holdings in the Hunter".
Premier Chris Minns held a media conference on Wednesday at which he announced the exit from cabinet of Mr Crakanthorp, the newly appointed Minister for the Hunter, Minister for Skills, TAFE and Tertiary Education.
"He has breached the ministerial code," Minns said.
"I've lost confidence in his ability to be a minister in my government."
Mr Minns said he had learned earlier in the day that Mr Crakanthorp's family held commercial real estate holdings.
He has referred the matter to the Independent Commission Against Corruption for potential investigation.
Mr Crakanthorp said in a brief media statement that he had reported the breach himself.
"I have self-reported a breach of the Ministerial Code of Conduct to Premier Chris Minns and resigned as a minister in the NSW government," he said.
"I will continue as the Member for Newcastle."
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