NSW Deputy Premier John Barilaro. Source: John Barilaro/Twitter.
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • NSW Deputy Premier John Barilaro is resigning from his position and leaving politics, as the State’s leadership crisis continues
  • Premier Gladys Berejiklian left the top role on Friday afternoon after being caught up in a corruption probe into her relationship with MP Daryl Maguire
  • Mr Barilaro announced his resignation on Monday morning, but says the decision isn’t related to Ms Berejiklian’s departure
  • Treasurer Dom Perrottet is tipped to replace Ms Berejiklian as Premier, while the Nationals will need to decide on a new Deputy Premier
  • Three by-elections will be called in NSW to replace the Premier and Deputy Premier, as well as Transport Minister Andrew Constance

NSW Deputy Premier John Barilaro is resigning from his position and leaving politics, as the State’s leadership crisis continues.

Premier Gladys Berejiklian left the top role on Friday afternoon after being caught up in a corruption probe into her relationship with MP Daryl Maguire.

Since then Transport Minister Andrew Constance has also resigned, as he prepares to pursue a career in federal politics.

Mr Barilaro said on Monday morning his decision to quit wasn’t related to the Premier’s departure, instead citing “vile and racist” attacks.

“A young boy of migrant parents, I grew up, I understood what racism was, I was called many of those names, I didn’t think in 2021 that will continue,” Mr Barilaro said.

“That in itself, can I say, was very difficult this year, and to be able to defend myself and continue with that case, I prefer to do it privately and not in the public eye.”

The former Deputy Premier is locked in a legal battle in the Federal Court with comedian Friendlyjordies over videos which alleged Mr Barilaro acted corruptly.

Following his resignation, the NSW National Party will soon meet to pick his replacement as Deputy Premier.

Treasurer Dom Perrottet is tipped to replace Ms Berejiklian as Premier, however a vote between the Liberals has yet to occur.

Once new leaders have been re-instated, three by-elections will be called across NSW to replace Ms Berejiklian, Mr Constance and Mr Barilaro.

More From The Market Online

Well below US$5K/oz, gold’s surefire status as a safe haven has shifted

In the post-COVID-19 world, it’s almost definitely news to nobody reading this that gold prices have staged a fairly historic run.
The Market Online Video

From the Wire: Why did the RBA cut last year just to walk it all back 12 months later?

The Reserve Bank of Australia made the call to hike interest rates again in CY26, using its second board meeting to bring them
ASX concept

ASX 200 reacts to an RBA 25bps rate hike by… closing somewhat firmly in the green?

Colour me surprised – the ASX200 successfully priced something in for once, with today’s RBA rate hike not scaring the market down into
India Russia flag

Not just AUKUS indexes: USA’s war on Iran visible on India’s NIFTY; Russia’s MOEX

While the Australian market is busy watching Wall Street, gold, and oil prices – and the prices of relevant stocks exposed to those