The Independent Commission Against Corruption will provide advice in the next two weeks to the NSW Government about how it should amend the state's mining laws.
ICAC Commissioner, David Ipp QC, this morning announced he would write to the NSW Premier, Barry O'Farrell regarding wider mining reforms and what the Parliament may need to do about the coal resource at the centre of the current inquiry.
Launching investigations in November, ICAC has heard numerous allegations that former Labor MP Eddie Obeid and former mining minister Ian Macdonald rorted the tender process so Obeid, his family, and associates would profit from leases granted in the Bylong Valley.
It has been estimated that the Obeid family were set to make between $75million and $100 million from the dealings.
"In my view, it is urgent that advice should be given to the Government by the Commission in regard to ensuring that the Government has powers to take into [consideration] all matters of public interest in deciding what to do about the tenement," Ipp said.
Ipp told the hearing he intends to hand down his findings by the end of July.
The inquiry continues today with Obeid's son Paul giving evidence.
Ian Macdonald is expected to appear at the inquiry on Monday.