CHARLESTOWN MP Andrew Cornwell has announced he won't recontest his seat at the 2015 state election and has officially resigned from the NSW Liberal Party.
It follows his evidence to the Independent Commission Against Corruption on Thursday in which he admitted accepting illegal donations from developers including $10,120 from Hilton Grugeon that he suspected was an attempt to "curry favour" with him.
In a statement this afternoon, Mr Cornwell said he had "thought carefully about what is in the best interests of the people of Charlestown".
"I have decided that I will not contest the next state election," he said.
"I have already stood aside from the parliamentary Liberal Party."
"Today I tendered my resignation from the Liberal Party of Australia (NSW Division).
Mr Cornwell said he had sought parliamentary leave from the Speaker "because these matters have significantly impacted my family and while I take full responsibility for my actions, I need to care for my family during this time".
"It has been a privilege to represent the people of Charlestown in the Parliament of NSW."