NSW Premier Barry O'Farrell resigns

10.36AM: NSW Premier Barry O’Farrell has resigned in the wake of controversy over his appearance at the Independent Commission Against Corruption.

Mr O’Farrell revealed during a surprise press conference on Wednesday that a note thanking Liberal fundraiser Nick Di Girolamo for a $3000 bottle of wine, which he had claimed he never received, would be presented to the corruption watchdog.

The outgoing premier called it a “massive memory fail” but said he never wilfully misled the ICAC.

“I accept the consequences and in an orderly way a new Liberal leader will be elected,” Mr O’Farrell said.

More to come.