The report highlighted inadequacies in how Minns described the purpose of his meeting with McMahon, labeling it merely as a 'meet and greet'.

Additionally, the report criticized Minns' ministerial diary entries as inaccurate and misleading, calling for stricter disclosure requirements for ministers.

While the ATC's redevelopment plan aims to address Sydney's housing shortage, the report questions its immediate monetary value and effectiveness in meeting housing targets.

A select committee in the NSW parliament has been investigating the controversial proposal to redevelop Rosehill Racecourse into 25,000 homes, with its findings released today.

The inquiry report referred the matter to the Independent Commission Against Corruption (ICAC) due to conflicting evidence regarding the redevelopment proposal.

Concerns about Premier Chris Minns' potential conflict of interest have prompted the referral, following a parliamentary inquiry that criticized his involvement in the redevelopment.

The committee found that Minns should have declared a conflict of interest given his long-standing friendship with Steve McMahon, head of government relations at the Australian Turf Club.

The $5 billion deal was struck during an informal meeting between Minns and McMahon, raising significant conflict of interest concerns.

In response to the referral, Minns criticized the actions of Liberal and crossbench MPs, claiming they were politicizing the ICAC's role.

The inquiry's decision to refer the report to ICAC has been controversial, particularly following a media leak prior to its release.

Scott Farlow, the committee chair, is expected to hold a press conference shortly to discuss the inquiry's findings and implications.

Despite the allegations, Minns has denied any wrongdoing, labeling the referral to ICAC as 'disgraceful' and suggesting it could hinder business partnerships with the NSW government.