NSW ICAC's Operation Credo: the fallout

FALLOUT FROM NSW INDEPENDENT COMMISSION AGAINST CORRUPTION'S INQUIRY INTO AUSTRALIAN WATER HOLDINGS

MARCH 2014

* Operation Credo begins looking into allegations of corrupt conduct involving public officials and persons with an interest in Australian Water Holdings

* Federal assistant treasurer Arthur Sinodinos, who was the deputy chairman of AWH between 2009 and 2010, stands aside amid intense political pressure

* NSW Liberal Party refunds over $75,000 worth of "tainted donations" to Sydney Water

APRIL 2014

* Barry O'Farrell resigns as NSW premier after admitting to misleading ICAC over a $3000 bottle of wine accepted as a gift

NOVEMBER 2016

* ICAC commissioner Megan Latham - who sat through the Credo proceedings - resigns after former premier Mike Baird pushed through controversial changes to the structure of the corruption watchdog, effectively forcing her out

AUGUST 2017

* Former NSW Labor ministers Eddie Obeid, Joe Tripodi, Tony Kelly and staffer Laurie Brown are found to have engaged in serious corrupt conduct over AWH's involvement in a lucrative state government contract

* ICAC recommends that the Director of Public Prosecutions investigate laying criminal charges against the four men

* No corrupt findings made against Senator Sinodinos or anyone in the Liberal party.