New Finance minister announced.

NSW Finance Minister Greg Pearce has been sacked after failing to declare a conflict of interest in a board appointment to Sydney Water.

NSW Premier Barry O'Farrell today announced Pearce would be immediately stood down from his role. Pearce did not disclose that his wife was employed by a person appointed to the board of Sydney Water last year, O'Farrell said.

Pearce's wife Shauna Jarrett is the assistant group secretary for Sydney University's general counsel Richard Fisher. Fisher was appointed to the Sydney Water board in January last year until December...

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