$100,000 Donation Forfeited By NSW Labor Party

A $100,000 donation to the NSW Labor party currently being investigated by the Independent Commission Against Corruption has been forfeited.

The lawyer for the NSW Labor Party Arthur Moses SC started the day with some “housekeeping."

Announcing the NSW Labor Party had forfeited its right to a $100,000 donation, admitting there may have been offences committed.

The corruption watchdog is investigating whether the now-notorious $100,000 in the ALDI bag came from a banned donor, Chinese property developer and billionaire Huang Xiangmo.

READ MORE: Chinese Billionaire Was Just 'Delivery Boy' For $100,000 Donation, ICAC Told

READ MORE: Chinese Billionaire 'Gave $100,000 To Labor', ICAC Told

The ALP told the Electoral Commission it was money from 12 smaller donors combined.

Moses told ICAC the evidence it had unearthed had forced the state ALP to act.

"The party cannot be satisfied ...that the persons it is alleged made the donations were the true donors," Moses said.

"It appears there is evidence there may have been an offence or offences relating to a scheme to circumvent the donation or expenditure prohibitions.

Chinese businessman Huang Xiangmo who is believed to be the man behind the $100,000 donation.

"With the greatest respect to the witnesses...there have been a lot of alternative facts and nonsense put forward to this inquiry to hide the true source of the donations. "

The party took drastic action this week.

'It was decided by the NSW branch of the ALP to send a letter on the 13 September 2019 to the NSW Electoral Commission.

'It will forfeit the $100,000 which is the subject of the inquiry."

READ MORE: NSW Labor Boss Suspended After ICAC Probe

He said the Electoral Commission had agreed to this proposal and on the 17 September 2019 confirmed it had received the money.

Then in a final mea culpa said the party accepted "this matter should not have been allowed to get to this stage."